Filing Requirements-Perfecting Security Interest

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Question:

I have a question regarding correct filing requirements for perfecting a security interest. The company is incorporated in Delaware and they are registered in Virginia (not domesticated). Our collateral is not real estate and is not farm/timber related collateral. Do we file in both Delaware and Virginia?

Answer:

You need to ask legal counsel who is familiar with the laws of both States.

First published on BankersOnline.com 5/7/12