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Equipment Lease and Finance Group

Equipment Lease and Finance Group

The Significance of a Security Interest in Proceeds

In equipment leasing (and other secured transactions), the Security Agreement and financing statement (UCC-1) typically include at the end of the description of collateral a reference to the “proceeds” of the collateral securing the lease payments or loan payments.  What are proceeds?  Under what circumstances is the security interest in the original collateral lost because […]