(a) The interest of securities is not zero or fraudulent vis-à-vis creditors, simply because one of the following points applies: the existence of a guarantee contract and a possible guarantee on these guarantees could affect the borrower`s ability to obtain more financing from other lenders. Collateral-finished assets are subject to the conditions of the first lender, which would mean that the guarantee of an additional loan on the same land would result in cross-protection. (e) When a new debtor is bound as a debtor by a security contract entered into by another person, the following two elements apply: (A) the debtor has certified a security contract that contains a description of the security and, if the security interests cover the wood to be cut, a description of the property under consideration. (a) A securities interest in a securities intermediary is related to a person`s right to security if the following two conditions are met: (D) deposit accounts, electronic chat paper, locked-in assets, letters of credit or electronic documents, and the insured portion, in accordance with sections 7106, 9104 , 9105, 9106 or 9107, is controlled in accordance with sections 7106, 9104, 9105, 9106 or 9107. (B) it is conducted as part of an agreement between persons related to these securities or financial assets. 1. Subdivision (a) does not apply, unless the insured party is entitled, as part of an agreement, to obtain one of the following: (1) The guarantee or any other financial assets satisfied both: b) This section does not relax the detention requirements where the seizure, development or execution of a security interest depends on the detention of the insured party. Real estate that can be declared as collateral under a security agreement includes inventory of products, furniture, equipment used by a company, home furnishings and real estate owned by the company. The borrower is responsible for maintaining security in good condition in the event of a default. The property classified as collateral should not be removed from the premises unless the property is required in the normal framework of operations.
(a) an interest in security security when it becomes enforceable against the debtor with respect to security, unless an agreement explicitly defers the time for seizure. The security agreement defines the different rights that the donor will have with respect to guarantees that, in addition to all other rights that the lender may have by law, such as the rights of Article 9 of the Single Code of Commerce, which has been adopted in one way or another by each state in the United States. The security agreement also covers issues such as authorized sales or other transactions relating to the donor`s guarantees in due form, as well as the communications that the recipient must provide to the donor when certain measures are taken.