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This section typically includes details on the company's history, including - Incorporation details, par value of shares and ownership information - Background information on management, such as the educational and career history of the company principals - Related companies, including identification of parent, affiliates, subsidiaries and/or branches worldwide The History Section may also include corporate registration details, which are invaluable when you need to: - Verify the existence of a registered organization - Confirm legal information, such as a company's organizational structure, date and state of incorporation - Research possible fraud by reviewing names of principals and business standing within a state Business registrations have taken on added importance with revisions to UCC Article 9. Creditors will now be held responsible for the validity and accuracy of UCC statements they file with the Secretary of State. Failure to meet these new requirements may jeopardize legally recognized rights to collateral in secured financing agreements. Minimize your exposure under this new legislation by using Registration details in the History Section to validate your UCC filings.