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Microcap & Penny Stocks : Liteglow (LTGL) -- Ignore unavailable to you. Want to Upgrade?

To: Mad_Mouse who wrote (1585)	5/18/1998 8:31:00 AM
From: 246810	Respond to of 4715

UCC (Uniform Commercial Code) Security Agreements are very common. They are filed with the state and provide a public notice of an agreement of many types regarding usually personal property (personal chattles vs real estate for which there are other forms of recording). I bought an apartment house with 12 old refrigerators and the mortgage company had me sign a security agreement so I couldn't sell the refrigerators. (In the case of a foreclosure I might run off with the refrigerators and the tenants would move out because they couldn't keep their milk cold!!!!) 246810