FIXTURE FILING

FIXTURE FILING

fixture filing. The act or an instance of recording, in public real-estate records, a security interest in personal property that is intended to become a fixture. See UCC ¡ì 9-102(a)(40). ? The creditor files a financing statement in the real-property records of the county where a mortgage on the real estate would be filed. A fixture-filing financing statement must contain a description of the real estate. [Cases: Secured Transactions 85, 94. C.J.S. Secured Transactions ¡ì¡ì 54, 68¨C70.]
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Carl, Chinese legal translator, specializes in translating legal documents pertaining to complex business disputes.