A creditor has a security interest in collateral, and becomes a secured party, if and when a security interest âattaches.â Under the UCC, a security interest generally does not attach unless three basic requirements are met. In simplest form, the requirements are that: value be given for the security interest.
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9. & 10. The Petronas Towers 1 and 2 held the record as the tallest buildings in the world from 1998 to 2004 and remain the tallest twin towers in the world. These two buildings, completed on January 1, 1996, are the landmarks of Kuala Lumpur in Malaysia.