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Article 9. Instruments to Secure Equity Lines of Credit. 4581. Definitions. The following definitions apply in this Article: (1) Authorized person. Any borrower; the legal representative of any borrower;

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What is article 9 instruments to?

Article 9 instruments pertain to the filing of financial statements or security interests related to personal property.

Who is required to file article 9 instruments to?

Lenders, creditors, and parties with security interests in personal property are required to file article 9 instruments.

How to fill out article 9 instruments to?

Article 9 instruments can be filled out by providing information about the debtor, the secured party, and the collateral being used as security.

What is the purpose of article 9 instruments to?

The purpose of article 9 instruments is to establish and protect the rights of secured parties in personal property collateral.

What information must be reported on article 9 instruments to?

Information such as the names and addresses of the debtor and secured party, description of the collateral, and any existing security agreements must be reported on article 9 instruments.

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