UCC Filing System
Financing Statement
Effective Financing Statement
First Joint Sovereign Filing System
in the Nation
Uniform commercial codes, often referred to as UCCs, are
important tools for enabling and supporting tribal economic
and housing development by improving access to
commercial and consumer credit.
Fundamental to the goal of building sound economies is the
need for commercial laws that will enhance tribal business
environments by reducing risks for outside lenders and
other nontribal entities that do business with tribes, tribal
enterprises, Native-owned private businesses and Native
consumers.
Tribal commercial laws more effectively help achieve these
goals if they are sufficiently similar, or harmonized, with the
laws of the states and tribes, as business can be
transacted more efficiently and cost-effectively when the law
of the tribal jurisdiction in which outside parties are doing
business is familiar to those parties. A comprehensive and
culturally appropriate secured transaction code can be an
important tool for tribes, Native-owned businesses and
Native consumers that are encountering barriers to
affordable credit. When adopted and implemented, these
transaction codes will support and strengthen the effective
exercise of tribal sovereignty.
The Crow Tribe located in Big Horn County, Montana is the
first tribe in the nation to enact the Model Secured
Transaction Act, Revised Article 9, as well as the first Nation
to enter into a formal UCC filing system agreement under a
tribal transactions law within their home jurisdiction.
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