non-ucc

A “non-UCC recorded” security interest is an attached security interest that is recorded somewhere other than in the Article 9 filing system. An “unrecorded” security interest, on the other hand, is an attached security interest that is not recorded in any filing system.’ Finally, a “hidden” security interest is an attached security interest that is recorded in the Article 9 filing system but which may not be discovered by a reasonably diligent search of that filing system.9 When a
creditor tries to assess whether he has first priority in collateral, he should consider the possibility that a prior non-UCC recorded, unrecorded or hidden security interest may exist. Failure to do so may leave him with an inaccurate impression of his priority rights in the collateral. See U.C.C. § 9-203 (1977) (discussing when a security interest attaches).


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