Quote:
Originally Posted by BobC
Last paragraph, post #20. Had been discussed before in other thread(s) how if the vault company has a problem (bankruptcy, etc.) that your cards may not be automatically returned to you. Making a UCC filing with the applicable Secretary of State's office listing all your cards held in a vault would be how to protect your property being held for you by someone else. The filing documents your ownership of the listed property. You'd need to update and keep making new UCC filings as you made changes to what was being held in a vault for you, so it isn't necessarily just a one-time filing to protect your assets being held in a vault.
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How bulletproof is a UCC filing in this situation?
And how much time/energy/work would it take to enforce your rights?