The Secured Transaction Section (STS) is open to IACA members who have responsibility for the personal property secured transaction registry functions in their jurisdiction. The section's major efforts are focused on the standardization of information requirements and the search results in secured transaction registries in order to give financers greater confidence in lending. The section develops educational programs for its members.
The section played a significant role in shaping the filing provisions in the revision of Article 9 of the Uniform Commercial Code (UCC). Additionally, STS was instrumental in the development and implementation of electronic filing of financing statements pursuant to international standards, lending innovation in the development of electronic government solutions in these areas and developing model forms and administrative rules for secured transaction registry functions.
The section works closely with other organizations with common interests to effect legal changes and otherwise improve the operation of filing offices in all jurisdictions. The members of the section work closely the National Conference of Commissioners on Uniform State Laws and the Permanent Editoral Board for the Uniform Commercial Code to promote changes in the UCC or highlight issues within the UCC.
Secured Transaction Section (STS)
Submitted by iaca on Tue, 06/17/2008 - 9:30am.
** UCC documents and forms can be found within STS under the Forms menu. **
Chair:
Kelly Kopyt, Massachusetts
Assistant Director, Corporations Division
Office of the Secretary of the Commonwealth
One Ashburton Place, Room 1612
Boston, MA 02108
Telephone: (617) 878.3034
Fax: (617) 878-3517
Email: Kelly.Kopyt@sec.state.ma.us
Kelly Kopyt, Massachusetts
Assistant Director, Corporations Division
Office of the Secretary of the Commonwealth
One Ashburton Place, Room 1612
Boston, MA 02108
Telephone: (617) 878.3034
Fax: (617) 878-3517
Email: Kelly.Kopyt@sec.state.ma.us