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Under the UCC, any assignments of rights in excess of ,000 must be in writing, but otherwise, assignments can be oral and consideration is not required: the assignor could assign the right to the assignee for nothing (not likely in commercial transactions, of course). Franklin has the right to receive 0 a month from the sale of a house she formerly owned; she assigns the right to receive the money to her son Jason, as a gift.The assignment is good, though such a gratuitous assignment is usually revocable, which is not the case where consideration has been paid for an assignment.Filings may be viewed by the public and requested copies may also be made available.
The Secretary of State’s Office shall under no circumstances be liable for any actions taken due to reliance of any information contained on this site regardless of the source.
Notice: Protect Your Private Information Most documents maintained by the Secretary of State’s Office are public records and are subject to disclosure.
The system will also enable you to search the UCC database, order certified and non-certified searches and download documents directly to your computer.
Assignment / Amendment / Continuation A UCC-3 Amendment is a legal form created for changing or adding information contained in the UCC-1 Form.
The Secretary of State’s Office only collects personal identifiable information in a very limited number of cases and will specifically ask for it when it is required.
PII includes your social security number, driver’s license number, state-issued ID number, credit or debit card number, or tax ID number on a UCC filing or any other documents you submit to the Secretary of State.
Assignments are an important part of business financing, such as factoring.
A To effect an assignment, the assignor must make known his intention to transfer the rights to the third person.
The Secretary of State’s Office is dependent upon the filer to keep information accurate and updated.
The Secretary of State’s Office does not certify the authenticity of information contained herein as it originates from third parties.