Looking for a Ucc-1 Form Templates? Download it for free!

Instructions for

Mississippi UCC Financing Statement In Lieu Filing (Form MS UCC1-In Lieu)

Please type or laser-print this form. Be sure it is completely legible. Read all instructions, especially instruction 1; the correct Debtor name is crucial.

Follow the instructions completely.

Fill in the form very carefully; mistakes may have important legal consequences. If you have questions, consult your attorney. The filing office cannot

give legal advice. Do not insert anything in the open space in the upper portion of this form; it is reserved for filing office use.

When properly completed, send the original copy only, with required fee, to the filing office. If you want an acknowledgment, complete item B. If you

want to make a search request, complete item 7 (after reading instruction 7).

If you need to use attachments, use 8-1/2 X 11 inch sheets and put at the top of each sheet the name of the first Debtor, formatted exactly as it appears

in item 1 of this form; you are encouraged to use Addendum (Form MS UCC1Ad).

Note: Because Mississippi law does not require the social security number, that field has been blocked out.

A. To assist filing offices that might wish to communicate with filer, filer may provide information in item A.

B. Complete item B if you want an acknowledgment sent to you.

1. Debtor name: Enter only one debtor name in item 1, an

applicable Commercial Code, attach Addendum (Form MS

organization’s name (1a) or an individual’s name (1b).

Enter

UCC1Ad) and check appropriate box in item 18.

Debtor’s exact full legal name. Don’t abbreviate.

2. If an additional Debtor is included, complete item 2, determined

1a. Organization Debtor.

“Organization” means an entity having a

and formatted per instruction 1.

To include further additional

legal identity separate from its owner.

A partnership is an

Debtors, or one or more additional Secured Parties, attach either

organization; a sole proprietorship is not an organization, even if it

Addendum (Form MS UCC1Ad) or other additional pages(s), using

does business under a trade name. If Debtor is a partnership,

correct name format.

Follow instruction 1 for determining and

enter exact full legal name of partnership; you need not enter

formatting additional names.

names of partners as additional Debtors. If Debtor is a registered

3. Enter information for Secured Party or Total Assignee, determined

organization (e.g., corporation, limited partnership, limited liability

and formatted per instruction 1. If there is more than one Secured

company), it is advisable to examine Debtor’s current filed charter

Party, see Instruction 2. If there has been a total assignment of the

documents to determine Debtor’s correct name, organization type,

Secured Party’s interest prior to filing this form, you may either (1)

and jurisdiction of organization.

enter Assignor S/P’s name and address in item 3 and file an

1b. Individual Debtor.

“Individual” means a natural person; this

Amendment (Form UCC3) [see item 5 of that form]; or (2) enter

includes a sole proprietorship, whether or not operating under a

Total Assignee’s name and address in item 3 and, if you wish, also

trade name. Don’t use prefixes (Mr, Mrs, Ms). Use suffix box only

attaching Addendum (Form MS UCC1Ad) giving Assignor S/P’s

for titles of lineage (Jr, Sr, III) and not for other suffixes or titles

name and address in item 12.

(e.g., M.D.). Use a married woman’s personal name (Mary Smith,

4. Use item 4 to indicate the filing information of the original Financing

not Mrs. John Smith).

Enter individual Debtor’s family name

Statement filed in another jurisdiction, A continuation statement

(surname) in Last Name Box, first given name in First Name Box,

cannot be used when the original filing is outside the state of

and all additional given names in Middle Name box.

Mississippi. For the “In Lieu of Continuation” to be effective the file

For both organization and individual Debtors: Don’t use Debtor’s

date, file number, and original filing office must be listed.

trade name, DBA, AKA, FKA, Division name, etc, in place of or

5. If filer desires (at filer’s option) to use titles of lessee and lessor, or

combined with Debtor’s legal name; you may add such other

consignee and consignor, or seller and buyer (in the case of

names as additional Debtors if you wish (but this is neither required

accounts or chattel paper), or bailee and bailor instead of Debtor

nor recommended).

and Secured Party, check the appropriate box in item 5. Note:

1c. An address is always required for the Debtor named in 1a or 1b.

Filing of an agricultural lien on a UCC-1 in Mississippi may not

secure a party in the collateral. The Mississippi UCC-1F is the

1d. County

“County #” means the

county identification

appropriate form for secured transactions where the collateral is

number assigned to the Mississippi County in which the debtor is

farm products.

located. See the county code information at the end of these

Instructions.

6. If this Financing Statement is filed as a fixture filing or if the

collateral consists of timber to be cut or as-extracted collateral,

1e,f,g.

“Additional information re organization Debtor” is always

complete items 1-5, check the box in item 6, and complete the

required.

Type of organization as well as Debtor’s exact legal

required information (items 13, 14 and/or 15) on Addendum (Form

name can be determined from Debtor’s current filed charter

MS UCC1Ad). *THESE TYPES OF FILINGS ARE TO BE FILED IN

document.

In Mississippi, this information may be obtained by

THE CHANCERY CLERK’S OFFICE IN THE COUNTY WHERE

going to the Mississippi Secretary of State

web site

THE RELATED REAL ESTATE IS LOCATED.

and using “Corpsnap,” or calling

7. This item is optional. Check appropriate box in item 7 to request

601-359-1633. Organizational ID#, (ID # found in “Corpsnap,” on

Search Report (s) on all or some of the Debtors named in this

SOS website) is assigned by the Secretary of State at the time the

Financing Statement. The Report will list all Financing Statements

entity is formed; this is different from tax ID#. if agency does not

on file against the designated Debtor on the date of the Report,

assign organizational ID#, check box in item 1g indicating “none”.

including this Financing Statement. There is an additional $5.00

fee per debtor if a search is requested.

Note: If Debtor is a trust or a trustee acting with respect to property

held in trust, enter Debtor’s name in item1 and attach Addendum

8. This item is optional and is for filer’s use only.

For filer’s

(Form MS UCC1Ad) and check appropriate box in item 17. If

convenience of reference, filer may enter in item 8 any identifying

Debtor is a decedent’s estate, enter name of deceased individual in

information (e.g. Secured Party’s loan number, law firm file

item 1b and attach Addendum (Form MS UCC1Ad) and check

number, Debtor’s name or other identification, state in which form

appropriate box in item 17. If Debtor is a transmitting utility or this

is being filed, etc.) that filer may find useful.

Financing Statement is filed in connection with a Manufactured-

Home Transaction or a Public-Finance Transaction as defined in

Form Ucc1 - Ucc1 Financing Statement , Form Ucc1ad - Financing Statement Addendum - 2001 Page 3

Related Articles

Related forms

Related Categories