Bulk Sales Law

The bulk sales law is defined as a law that regulates the transfer of business assets so that business owners are not allowed to dispose of assets to avoid their creditors. If a business wants to conduct a bulk sale of their assets, then the business is required to publish a notice of sale and provide a written notice to their creditors.

Owners are then required to establish an account to hold the funds from the sale for a brief period of time, during which the business’s creditors are allowed to make any claims they may have against that money. The prohibition against bulk sales is spelled out in the Uniform Commercial Code and models of these laws have been spread out across the country.

If you are in search of UCC or Uniform Commercial Code records, then it is vital for you to realize that these records are a matter of public records. This means that they are available to all citizens in the public and are often provided through a UCC search through the Secretary of State in the state you reside in.

BulkSalesLaw.com is a complete database of all UCC records searches for the United States. We provide you with every UCC record search that the states and the U.S. government has provided access to.

These online searches allow you to search for UCC records by person or business name and then obtain photos or copies of the records that have been filed with the state regarding these bulk sales.

We also provide you with a comprehensive database of all state UCC laws so that you can hold your own bulk assets sale or learn more about the process and the procedures required to hold one legally in your state.