ULC

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UCC Article 2,Sales and Article 2A, Leases (2003)

Description

Articles 2 and 2A provide a legal framework for leases and sales of personal property. The 2003 amendments update and modernize the articles, reflecting recent development of business practices and accommodating electronic commerce.

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Drafting History

Origin: Completed by the Uniform Law Commission and the American Law Institute in 2003.
Committee/Resources: Commercial Code Article 2, Sales, and Article 2A, Leases