UCC

Article 9 of Uniform Commercial Code, as adopted by the Georgia legislature, governs Security Interests in property other than real estate, including Goods such as Inventory, Equipment, Consumer Goods, and Farm Products, Intangibles such as Accounts receivable, Quasi-intangibles such as Securities, and money.

Using any of these as collateral will require a form of a Security Agreement and Attachment to properly protect the lien holder’s interest. Furthermore, the Uniform Commercial Code specifies different methods of attachment for different kinds of collateral. Therefore, often the first question asked in a Uniform Commercial Code matter is what kind of collateral is being offered, which will govern the Security Agreement and method of Attachment.