Uniform Commercial Code

The American College of Trust and Estate Counsel (ACTEC) Elects 25 New Fellows to the College

Retrieved on: 
Thursday, April 4, 2024
Joint, Trust, Uniform Commercial Code, Lawyer, ULC, American College, Regent, Uniform Law Commission, Teaching, Writing, Real estate

WASHINGTON, April 4, 2024 /PRNewswire-PRWeb/ -- The Board of Regents of The American College of Trust and Estate Counsel (ACTEC) convened during the College's 2024 Annual Meeting in Phoenix, Arizona, to consider nominations for a new class of ACTEC Fellows. The College is pleased to announce that 25 individuals were elected: 22 Fellows, one International Fellow from Australia, and one International Fellow from Mexico. Benjamin Orzeske, Chief Counsel of the Uniform Law Commission, was elected as an Honorary Fellow.

Key Points: 
  • The College is pleased to announce that 25 individuals were elected: 22 Fellows, one International Fellow from Australia, and one International Fellow from Mexico.
  • WASHINGTON, April 4, 2024 /PRNewswire-PRWeb/ -- The Board of Regents of The American College of Trust and Estate Counsel (ACTEC) convened during the College's 2024 Annual Meeting in Phoenix, Arizona, to consider nominations for a new class of ACTEC Fellows.
  • The College is pleased to announce that 25 individuals were elected: 22 Fellows, one International Fellow from Australia, and one International Fellow from Mexico.
  • On behalf of ACTEC, I welcome these experienced trust and estate lawyers to the College and look forward to their contributions.

MONTGOMERY CAPITAL PARTNERS IV, LP TO AUCTION THE PERSONAL PROPERTY OF HOLY KOMBUCHA, INC. VIA PUBLIC SALE

Retrieved on: 
Monday, April 1, 2024
Well, Sale, Central Time Zone, FF&E, Bank statement, FF, Uniform Commercial Code, Confidentiality, Potential, Telephone, Creditor, Intellectual property, Security (finance)

", (3) "Holy Kombucha", (4) "Holy Tepache", and (5) "Holy Beverages", together with all other conveyable intellectual property (collectively, the "Intellectual Property"), and (v) other general intangibles owned by Borrower ("Intangibles").

Key Points: 
  • ", (3) "Holy Kombucha", (4) "Holy Tepache", and (5) "Holy Beverages", together with all other conveyable intellectual property (collectively, the "Intellectual Property"), and (v) other general intangibles owned by Borrower ("Intangibles").
  • The Inventory, Accounts Receivable, FF&E, Intellectual Property, and Intangibles are collectively referred to as the "Public Sale Collateral".
  • The Public Sale of the Public Sale Collateral, if made, shall be to the highest and best bidder.
  • At the Public Sale, each of the Inventory, Accounts Receivable, FF&E, the Intellectual Property, and the Trade Fixtures may be offered for sale in separate lots or in combination lots and the Public Sale Collateral will be offered as a single lot.

McMurray Stern Forms MSI Automate Following the Acquisition of Invata

Retrieved on: 
Tuesday, January 30, 2024
MSI, Tech, Knowledge, Sale, Acquisition, Automation, Health, Fortune 500, Robotics, 3PL, Uniform Commercial Code, Temple University, Growth, Warehouse

SANTA FE SPRINGS, Calif., Jan. 30, 2024 /PRNewswire/ -- McMurray Stern Inc., a leading provider of specialty storage and workspace solutions, proudly announces the formation of MSI Automate, a market-leading warehouse automation, robotics, and logistics division. This milestone follows McMurray Stern's acquisition of the assets of Invata Intralogistics, which leverages the strengths of both entities.

Key Points: 
  • This milestone follows McMurray Stern's acquisition of the assets of Invata Intralogistics, which leverages the strengths of both entities.
  • Boosting a repertoire of working automation solutions featuring articulated and mobile robots, the Tech Center positions McMurray Stern and MSI Automate at the forefront of warehouse automation innovation."
  • The acquisition and subsequent launch of MSI Automate represents McMurray Stern's strategic vision for growth and innovation in the logistics sector.
  • For more information about MSI Automate and McMurray Stern Inc., please visit www.msi-automate.com and www.mcmurraystern.com .

Hilco Streambank Seeks Offers for Assets Related to Telecom ILEC (Incumbent Local Exchange Carrier)

Retrieved on: 
Tuesday, January 23, 2024
ILEC, Sale, Telecommunications, Telephone, Lumen Technologies, Documentation, Uniform Commercial Code, Interest

NEW YORK, Jan. 23, 2024 /PRNewswire/ -- Hilco Streambank is offering for sale 50 Class A voting shares in TelUSA Holdings, LLC, which owns 100% of the membership interests in ILEC Telephone USA of Wisconsin, LLC ("TelUSA Wisconsin"), a telecommunications ILEC (incumbent local exchange carrier).

Key Points: 
  • The shares are being offered as part of a sale pursuant to Article 9 of the Uniform Commercial Code.
  • Hilco Streambank Senior Vice President Richelle Kalnit remarked, "TelUSA Wisconsin – operating as CenturyLink – is a well-established telecom provider in Wisconsin, delivering services to approximately 32,000 access lines and 18,000 broadband customers.
  • The assets will be sold free and clear of the secured lender's lien and any subordinate security interests in the assets.
  • The assets are being sold without recourse to the secured party and its attorneys, agents, or representatives.

Expanding Solar Servicing: Goal Solutions Continues to Innovate through its Progressive Program

Retrieved on: 
Tuesday, January 9, 2024
SAN, Partnership, Lease, Uniform Commercial Code, PPA, UCC, Renewable energy

SAN DIEGO, Jan. 9, 2024 /PRNewswire/ -- Goal Solutions, a renowned leader in the solar servicing industry with an extensive track record of excellence, is proud to unveil its expansion into Solar Power Purchase Agreement (PPA) and Lease Servicing Program. This innovative initiative underscores Goal Solutions' commitment to providing seamless solar servicing solutions, further establishing its reputation as a pioneer in the solar energy sector.

Key Points: 
  • SAN DIEGO, Jan. 9, 2024 /PRNewswire/ -- Goal Solutions, a renowned leader in the solar servicing industry with an extensive track record of excellence, is proud to unveil its expansion into Solar Power Purchase Agreement (PPA) and Lease Servicing Program.
  • This innovative initiative underscores Goal Solutions' commitment to providing seamless solar servicing solutions, further establishing its reputation as a pioneer in the solar energy sector.
  • While collaborating closely with program owners, Goal Solutions can tailor servicing to fit each client's unique needs.
  • Goal Solutions has a long-standing reputation for delivering exceptional solar servicing solutions designed to support investors, originators, banks, credit unions, and other program participants.

CED Provides Plan to Maximize Historic Federal Infrastructure Investments--and Avoid the Roadblocks

Retrieved on: 
Tuesday, November 28, 2023
CHIPS, Policy, Engineering, CED, Economic development, Buy America Act, Federation, Workforce, Investment, Risk, Increase, Capitalism, Uniform Commercial Code, IRA, Private sector, National Environmental Policy Act, Public policy, Occupation, Committee, Inflation, Conference, IIJA, Congress, The Conference Board, NEPA, Government, Cryptocurrency, Renewable energy, Management, Consultant, Retail, Construction

"These historic investments offer the US the opportunity to take a major step forward in strengthening its infrastructure and manufacturing base," said Dr. Lori Esposito Murray, President of CED.

Key Points: 
  • "These historic investments offer the US the opportunity to take a major step forward in strengthening its infrastructure and manufacturing base," said Dr. Lori Esposito Murray, President of CED.
  • Invest in federal and local agencies' ability to drive awareness of infrastructure funding opportunities; add resources to staff federal help support desks that assist program participants.
  • The federal government should leverage collaborative forums with state and local infrastructure coordinators to educate stakeholders on program availability and requirements.
  • States should invest infrastructure funds with state-level oversight with accurate databases that reflect federal funds in use by project.

ISC Reports 2023 Third Quarter Financial Results

Retrieved on: 
Wednesday, November 8, 2023
MSA, Line of credit, Bank, CIBC, Conversation, Life, Public expenditure, Veolia Water Technologies & Solutions, EBITDA, Corporation, News, Bank of Montreal v Innovation Credit Union, Master service agreement, Restatement (Second) of Contracts, Information Services Corporation, Up Front, Growth, ISC, Statement of changes in financial position, RBC, Credit, Borrowing base, Primary Dealer Credit Facility, Investment, Extension, TSX, BMO, Uniform Commercial Code, Cryptocurrency, Service, 2007 Appalachian State vs. Michigan football game

REGINA, Saskatchewan, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Information Services Corporation (TSX:ISV) (“ISC” or the “Company”) today reported on the Company’s financial results for the third quarter ended September 30, 2023.

Key Points: 
  • REGINA, Saskatchewan, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Information Services Corporation (TSX:ISV) (“ISC” or the “Company”) today reported on the Company’s financial results for the third quarter ended September 30, 2023.
  • Adjusted free cash flow for the quarter was $14.4 million, up 27 per cent compared to $11.4 million in the third quarter of 2022, primarily related to stronger results from operations in Registry Operations and Services during the quarter.
  • The Consolidated Net Funded Debt to EBITDA financial covenant was increased to provide additional balance sheet flexibility to ISC.
  • On July 27, 2023, ISC announced that it has expanded the lenders under the Company’s Credit Facility to include the Bank of Montreal.

ISC’s Technology Solutions Segment Wins Contract With the State of Michigan to Provide New UCC System

Retrieved on: 
Wednesday, November 1, 2023
MACOM Technology Solutions, State, Information Services Corporation, Growth, ISC, File, Information services, TSX, Uniform Commercial Code, Online shopping, 1969 Ohio State vs. Michigan football game

REGINA, Saskatchewan, Nov. 01, 2023 (GLOBE NEWSWIRE) -- Information Services Corporation (TSX:ISV) (“ISC” or the “Company”) is pleased to announce a new contract through its Technology Solutions segment.

Key Points: 
  • REGINA, Saskatchewan, Nov. 01, 2023 (GLOBE NEWSWIRE) -- Information Services Corporation (TSX:ISV) (“ISC” or the “Company”) is pleased to announce a new contract through its Technology Solutions segment.
  • ISC has secured a US$3.2 million (approx.
  • CA$4.5 million) contract with the State of Michigan for a period of five years, with the option of an extension for up to five more years.
  • The new contract — which includes delivery of a modern, online Uniform Commercial Code (“UCC”) System using the Company’s RegSys platform — will support service improvement and efficiencies for the State of Michigan.

Collaborative Administrative Trust (CAT) (Managing Member of Timeshare Compliance) Records $205M Lien Against Major Timeshare Developers

Retrieved on: 
Sunday, November 5, 2023
Diamond, Security (finance), Folk, Goliath, Travel + Leisure Co., Better Business Bureau, Wilson, State, Multimedia, BBB, TNL, TSC, UCC, Uniform Commercial Code, Hotel

ALISO VIEJO, Calif., Nov. 4, 2023 /PRNewswire/ -- CAT/Timeshare Compliance LLC, the leading timeshare exit company and industry watchdog, successfully recorded a "perfected" lien of more than $200 million against five of the biggest timeshare resort developers, a victory that could help recover hundreds of thousands of dollars to further assist timeshare owners who were victims of unscrupulous sales practices.

Key Points: 
  • "This was a four-year battle between David and Goliath and this 'perfected' lien is a major victory for our clients against these resorts and their representatives," said Folk.
  • "Despite overwhelming odds, we never stopped fighting for our clients because their trust means everything to us."
  • Folk said that a "perfected lien" means that CAT/TSC's lien as a creditor has the highest priority of all commercial liens including mechanics liens and subsequent liens filed.
  • "Timeshare Compliance has remained the advocate of choice for consumers who feel like they were taken advantage of by timeshare developers," said Wilson.

GEMCAP SOLUTIONS, LLC TO AUCTION THE PERSONAL PROPERTY OF VOSGES HOLDINGS LLC, VOSGES HOLDINGS, INC., VOSGES HAUT-CHOCOLAT LLC, AND VOSGES IP, LLC VIA PUBLIC SALE

Retrieved on: 
Monday, June 19, 2023
Dark, National Security Party, Intellectual property, European intellectual property law, Uniform Commercial Code, Telephone, Creditor, Confidentiality, Central Time Zone, FF&E, INC, FF, Public sale, Sale, Asset purchase agreement, Potential, Fixture, SAN, Super Dark Times, Security (finance), Auction, Debtor

The Inventory, Accounts Receivable, FF&E, Intellectual Property, and Trade Fixtures are collectively referred to as the "Public Sale Collateral".

Key Points: 
  • The Inventory, Accounts Receivable, FF&E, Intellectual Property, and Trade Fixtures are collectively referred to as the "Public Sale Collateral".
  • The Secured Party is conducting the Public Sale to foreclose the lien and security interest held by the Secured Party in and to the Public Sale Collateral.
  • The Public Sale of the Public Sale Collateral, if made, shall be to the highest and best bidder.
  • The Secured Party reserves the right to credit bid on any or all of the Public Sale Collateral at the Public Sale.