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This nearly 800 page book explains how Article 9 of the Uniform Commercial Code (UCC) governs security interests in Cooperative Units. Board Members * The book explains why a Cooperative Organization no longer needs to file a financing statement to maintain the priority of its lien (the "COSI") against the Cooperative Unit for unpaid maintenance. Cooperative Lenders * The book has a new Recognition Agreement specifically designed for Revised Article 9, and explains the legal and business risks of cooperative lending. Coop Loan Servicers * The book explains what a customer RA9-210 request is and how to properly respond to it. Buyers and Sellers * The book explains exactly what is involved in buying or selling a Cooperative Unit. It details what you, your attorney, and the lender's attorney should be doing to get you ready for the closing which is now called the "Cooperative Interest Settlement". To order your copy, please call Stanley Simon's office at (212) 353-0040, or click on the book cover to the right of the screen to print a copy of the order form. Adobe Viewer required. |