Publications

May 07, 2009

Author: Jill Grimsley Drewyor, Courtney Crouch

In order to secure loans to individuals or businesses, many lenders take a pledge of stock in a public or closely held corporation, a pledge of a membership interest in a limited liability company, or a pledge of a partnership interest in a general or limited partnership. This e-brief outlines the classifi cation of such types of collateral as either securities or general intangibles, the method of creating and perfecting a security interest in such collateral, and special issues to be considered with regard to pledges of stock in publicly help companies.

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