Monthly Archives: September 2013

Changes to the Uniform Commercial Code (UCC)

Effective July 1, 2013, UCC Articles 1, 7, and 9 will be amended. The most critical amendments are to Article 9. Those amendments deal with how a debtor is identified in a financing statement and continuing perfection of a security interest of a debtor who has moved to a different jurisdiction. Also, the new UCC-5

Business Court Legislation Signed Into Law

On October 16, 2012, Governor Snyder signed HB 5128, now Public Act 333 of 2012, into law. The Act establishes business courts in the State of Michigan circuit courts. These courts will have jurisdiction over business and commercial cases in which the amount in controversy exceeds $25,000. Beginning January 1, 2013, the seventeen circuit courts