ULC

Legislative Fact Sheet - UCC Article 2,Sales and Article 2A, Leases (2003)

Act UCC Article 2,Sales and Article 2A, Leases (2003)
Origin Completed by the Uniform Law Commission and the American Law Institute in 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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(Approved by the American Bar Association)

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