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Maryland Bankruptcy Court: Post-Petition Lapse Of Senior Lender’s Financing Statement Did Not Promote Junior Lender To Top-Dog Priority

LexisNexis (January 25, 2019, 1:51 PM EST) -- UCC financing statements are effective for five years. Failure to file a continuation statement within six months before the five-year deadline renders the lender’s security interest unperfected. UCC 9-515(d). So what...
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