- Reports and Resources
“To Lien or Not To Lien”
Forthcoming report covering the subject of security interests in collateral for municipal bond issues and public finance projects.
The paper will identify the means by which security interests are created in the types of collateral that serve as security for bondholders, the different legal regimes under state law to create such security interests, how such security interests would be treated in a municipal bankruptcy and disclosure and legal opinion considerations.
Call for Volunteers
While the NABL lien project white paper is currently underway, project leadership needs volunteers to assist in:
- Assisting with reviewing, proofreading and creating consistent stylistic format for the 50-state survey summarizing applicability of Article 9 of the Uniform Commercial Code (UCC) to pledges, liens and security interests by governmental entities; and/or
- Researching and identifying any other statutes or legal provisions that govern the attachment, perfection, or priority of such security interests generally—whether by superseding the UCC, preempting its provisions, or operating in parallel.
This interesting project explores security interests in collateral for municipal bonds and will provide a state-by-state survey of those interests. NABL members interested in participating should email Glenn Weinstein of Miller Canfield and Juliet Huang of Chapman and Cutler for details.