http://stopthepirates.blogspot.com/20...

A UCC-1 Financing Statement (declaration) gives public notice that you, the secured
party, now have a claim against the debtor, the unincorporated corporation of one,
your strawman.
When you file this notice (declaration), you take this entity "out of the state"
venue (out of the jurisdiction of a fictitious entity) into the private domain
(venue) where you are king. The entity becomes "foreign to the state" - an
unincorporated corporation foreign to the state.
Sounds like an oxymoron, but this is THEIR terminology and THEIR law! We simply
discovered how it works.
Financing Statement: - a document setting out a secured party's security interest
in goods. A document designed to notify third parties, generally prospective buyers
or lenders, that there may be an enforceable security interest in the property of
the debtor. It is evidence of a security interest filed by the security holder with
the Secretary of State, or similar public body, that has becomes public record.
Security Agreement: - an agreement which creates or provides for a security
interest between the debtor and a secured party. UCC-9-105(h). An agreement
granting a creditor a security interest in personal property, which security
interest is normally perfected either by the creditor taking possession of the
collateral or by filing financing statements in the proper public records.
Security interest: - interest in property obtained pursuant to security agreement;
A form of interest in property which provides that the property may be sold on
default in order to satisfy the obligation for which the security interest is
given; Often "lien" is used as a synonym, although lien most commonly refers only
to interests providing security that are created by operation of law, not through
agreement of the debtor and creditor.
A security agreement must exist in order to file a UCC-1 Financing Statement, but
does this mean it must be in writing and attached to the UCC-1 ?
Perhaps; but not if it is a verbal agreement.