Mobile goods refer to items that can be used across multiple jurisdictions. These goods are typically held by a debtor as equipment or leased to others. Common examples include shipping containers and road-construction machinery. The legal framework governing mobile goods is outlined in the Uniform Commercial Code (UCC), which provides guidelines for securing interests in these items.
Mobile goods are relevant in various legal contexts, particularly in commercial law. They often play a role in transactions involving leasing, financing, and securing loans. Users may encounter forms and procedures related to mobile goods, such as security agreements or leasing contracts, which can be managed using templates from US Legal Forms.
Here are a couple of examples of abatement:
Example 1: A construction company leases road-construction machinery to various contractors across state lines. The machinery is considered mobile goods due to its use in multiple jurisdictions.
Example 2: A shipping company owns multiple shipping containers that are used for transporting goods internationally. These containers are classified as mobile goods under the UCC.
The primary legal framework for mobile goods is the Uniform Commercial Code (UCC), particularly Article 9, which deals with secured transactions. Specific case law, such as Konkel v. Golden Plains Credit Union, 778 P.2d 660 (Colo. 1989), further clarifies the application of these laws.
| State | Key Differences |
|---|---|
| Colorado | Follows UCC guidelines closely; specific case law influences local practices. |
| California | Additional regulations may apply for certain mobile goods in commercial transactions. |
This is not a complete list. State laws vary, and users should consult local rules for specific guidance.
| Term | Definition | Key Differences |
|---|---|---|
| Mobile Goods | Goods used across multiple jurisdictions. | Focuses on items like machinery and containers. |
| Fixtures | Items permanently attached to real property. | Not movable; considered part of the property. |
If you are involved with mobile goods, consider reviewing your leasing or financing agreements to ensure compliance with the UCC. You can find ready-to-use templates on US Legal Forms to help manage these agreements. If your situation is complex, consulting a legal professional is advisable.
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Mobile goods are items that can be used in multiple jurisdictions, such as shipping containers and construction machinery.