COURSE DESCRIPTION
This program will discuss the process of pledging an ownership stake as collateral for credit best practices for lenders to perfect their interests review what economic and governance rights lenders succeed to on foreclosure and the impact of the pledge and foreclosure on the entity itself and potentially its other owners. Among other topics the program will cover application of UCC Article 9 to these security interests duties and remedies of secured parties and the impact of the pledge and foreclosure on the other owners of the entity.