Model Tribal Secured Transactions Act
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The Model Tribal Secured Transactions Act (MTSTA) is based on the Uniform Commercial Code's (UCC) Article 9 and sets up a legal framework for promotion of private business through secured transactions. Secured transactions are loans in which personal property, other than real estate, is used as collateral. The MTSTA is a key element for the growth of entrepreneurship by providing an effective method for financing and securing business transactions.
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