Current Acts - UCC

16 total

UCC Article 1, General Provisions  

The Uniform Commercial Code (UCC) is organized into nine substantive articles, each article governing a separate area of the law. UCC Article 1 contains definitions and general provisions. For further information about the UCC please contact the ULC at (312) 450-6600 or info@uniformlaws.org.

 

UCC Article 2, Sales  

The Uniform Commercial Code (UCC) is organized into nine substantive articles, each article governing a separate area of the law. UCC Article 2 governs the sale of goods. For further information about the UCC please contact the ULC at (312) 450-6600 or info@uniformlaws.org.

 

UCC Article 2A, Leases  

The Uniform Commercial Code (UCC) is organized into nine substantive articles, each article governing a separate area of the law. UCC Article 2A, added to the Code in 1987, governs leases of personal property. For further information about the UCC please contact the ULC at (312) 450-6600 or info@uniformlaws.org.

 

UCC Article 3, Negotiable Instruments  

The Uniform Commercial Code (UCC) is organized into nine substantive articles, each article governing a separate area of the law. UCC Article 3 governs negotiable instruments, including checks and notes. For further information about the UCC please contact the ULC at (312) 450-6600 or info@uniformlaws.org.

 

UCC Article 3, Negotiable Instruments and Article 4, Bank Deposits, Amendments ...  

The Uniform Commercial Code (UCC) is organized into nine substantive articles, each article governing a separate area of the law. These 2002 amendments to UCC Articles 3 and 4 provide rules for updated technology and modern practices used in payment systems. For further information about the UCC please contact the ULC at (312) 450-6600 or info@uniformlaws.org.

 

UCC Article 4, Bank Deposits and Collections  

The Uniform Commercial Code (UCC) is organized into nine substantive articles, each article governing a separate area of the law. UCC Article 4 governs bank deposits and collections. For further information about the UCC please contact the ULC at (312) 450-6600 or info@uniformlaws.org.

 

UCC Article 4A, Funds Transfers  

The Uniform Commercial Code (UCC) is organized into nine substantive articles, each article governing a separate area of the law. UCC Article 4A, added to the Code in 1989, governs funds transfers. For further information about the UCC please contact the ULC at (312) 450-6600 or info@uniformlaws.org.

 

UCC Article 4A, Funds Transfers, Amendments to  

The Uniform Commercial Code (UCC) is organized into nine substantive articles, each article governing a separate area of the law. UCC Article 4A, which governs funds transfers, was amended in 2012 to comply with the federal Electronic Funds Transfer Act. For further information about the UCC please contact the ULC at (312) 450-6600 or info@uniformlaws.org.

 

UCC Article 5, Letters of Credit  

The Uniform Commercial Code (UCC) is organized into nine substantive articles, each article governing a separate area of the law. UCC Article 5 governs letters of credit. For further information about the UCC please contact the ULC at (312) 450-6600 or info@uniformlaws.org.

 

UCC Article 6, Bulk Sales  

The Uniform Commercial Code (UCC) is organized into nine substantive articles, each article governing a separate area of the law. UCC Article 6 governs bulk sales, a topic which many states have determined is obsolete. In 1989, the ULC and ALI released two options for UCC Article 6 - revise or repeal. The ULC recommends repeal, and nearly every state has followed that recommendation. For further information about the UCC please contact the ULC at (312) 450-6600 or info@uniformlaws.org.

 

UCC Article 7, Documents of Title  

The Uniform Commercial Code (UCC) is organized into nine substantive articles, each article governing a separate area of the law. UCC Article 7 governs documents of title, including bills of lading and warehouse receipts. For further information about the UCC please contact the ULC at (312) 450-6600 or info@uniformlaws.org.

 

UCC Article 8, Investment Securities  

The Uniform Commercial Code (UCC) is organized into nine substantive articles, each article governing a separate area of the law. UCC Article 8 governs investment securities. For further information about the UCC please contact the ULC at (312) 450-6600 or info@uniformlaws.org.

 

UCC Article 9, Secured Transactions  

The Uniform Commercial Code (UCC) is organized into nine substantive articles, each article governing a separate area of the law. UCC Article 9 governs secured transactions in personal property. For further information about the UCC please contact the ULC at (312) 450-6600 or info@uniformlaws.org.

 

UCC Article 9, Secured Transactions, Amendments to  

The Uniform Commercial Code (UCC) is organized into nine substantive articles, each article governing a separate area of the law. UCC Article 9 governs secured transactions in personal property. The 2010 amendments provide greater guidance as to the form of a name on listed on a financing statement. For further information about the UCC please contact the ULC at (312) 450-6600 or info@uniformlaws.org.

 

UCC Article 9, Secured Transactions, Amendments to 9-406 and 9-408  

Amendments to UCC Article 9 Sections 9-406 and 9-408 modify the anti-assignment override provisions, thereby excluding security interests in ownership interests of general partnerships, limited partnerships, and limited liability companies from the override provisions.

 

UCC, 2022 Amendments to  

The 2022 amendments to the Uniform Commercial Code address emerging technologies, providing updated rules for commercial transactions involving virtual currencies, distributed ledger technologies (including blockchain), artificial intelligence, and other technological developments. The amendments span almost every article of the UCC and add a new Article 12 addressing certain types of digital assets defined as “Controllable Electronic Records” (CERs). The amendments provide new default rules to govern transactions involving these new technologies and clarify the UCC’s applicability to mixed transactions involving both goods and services. The amendments also contain some miscellaneous revisions unrelated to technological developments but providing needed clarification.