Who-are You Frisbey So that is saying UCC is Maritime also?
Scott Duncan No, it's law on LAND. Read my UCC article.
Derek Moran I came across an old-post of Scott's where he simply said- "UCC is ONLY useful to you if you have a fleet-of-ships," if that helps
Scott Duncan No.
That debt is there, but the BOND is attached to the Consolidated Revenue Fund to account for, and PAY that debt. It is a stand-alone document that acts as FOUNDATION for contracting a tender.
It's no different than a share in a corporation, only it's a TRUST.
Scott Duncan WTF is "An Individual"? An "individual" (Which means it can no longer be divided...meaning ONE, meaning SURETY) has some nasty legal liabilities by default!
NEVER EVER use the term "an individual" again. EVER.
So NO, the surety for the name can't lien the name. The claim is already public record. Why would you lien that for which you have surety? The GRANTOR liens the asset, not the debtor (surety).
Printed copy · Anthology Volume 5, page 308 · cut by a page breakPrinted copy from The Tender For Law Anthology, Volume 5, page 308 (printed 13 June 2014). Added by this site; not part of the Facebook export. A page break in the printout cut off the end of this comment.