Hometown Bank has loaned $1,000,000 to AquaTaste to purify, bottle, and market store-bought drinking water from the Ohio River. AquaTaste has put up its purification equipment as collateral. If you were the loan officer for Hometown,
Describe how you would go about protecting the Bank’s investment using Article 9 of the UCC.
Note that there are two main steps.
Explain how you would complete each step.