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University of Missouri School of Law

Missouri Law Review

1994

Article Nine

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Amending The Article Nine Filing System To Meet Current Deficiencies, Edward S. Adams, Steve H. Nickles Nov 1994

Amending The Article Nine Filing System To Meet Current Deficiencies, Edward S. Adams, Steve H. Nickles

Missouri Law Review

Article Nine' is currently undergoing substantial revision. "[B]ecause secured credit is a trillion-dollar activity," this revision is extraordinarily significant. A focal point of this amendment process is Article Nine's notice-filing system which apprises prospective creditors, and others, of a secured party's interest in a debtor's collateral.' As few would dispute, the notice-filing system, which seeks to cure the "ostensible ownership problem," is in serious need of repair.