UCC is an abbreviation for the “Uniform Commercial Code,” which governs the transfer of Security Interests in personal property pursuant to state law.
Another name for a UCC form, filed in the state and/or county where the security for the repayment of the bonds is located or the transaction is taking place, which may be required to perfect a security interest in certain property and revenues.
Report of the Opinions and Documents Committee with respect to the Revised Article 9 of the Uniform Commercial Code.
Two or more issues of bonds with the same priority of claim or lien on the same underlying security and sources of repayment (i.e., revenues) for all of the bonds.
