Uniform Commercial Code

Status Details

At its meeting on January 20 and 21, 2022, the Council approved Council Draft No. 1, containing amendments to UCC Articles 1, 2, 2A, 3, 4, 4A, 5, 7, 8, and 9 and a draft of UCC Article 12.

In 2019, ALI and the Uniform Law Commission formed a joint committee to review the UCC with a view to recommending amendments or revisions to accommodate emerged and emerging technological developments.

At the 2018 Annual Meeting, the ALI membership approved proposed amendments to Articles 1, 3, 8, and 9. The amendments include a separate draft of revisions to §§ 9-406 and 9-408 on anti-assignment overrides.

All ALI draft approvals are subject to the discussion at the meeting and usual editorial prerogative.

___________

The Permanent Editorial Board for the Uniform Commercial Code discourages non-uniform amendments or additions to the UCC by the states, assists in attaining and maintaining uniformity in state statutes governing commercial transactions, and monitors the law of commercial transactions for needed modernization or other improvement.

From time to time, the PEB issues PEB Commentaries to provide guidance in interpreting and resolving issues raised by the UCC. A PEB Commentary on Consignments was issued in January 2019.

The Members Consultative Group (MCG) on Uniform Commercial Code Issues provides input to ALI on UCC-related issues from time to time, such as draft amendments to the UCC, proposed PEB Commentaries and Reports, and projects that may overlap or implicate the UCC.

We anticipate that this MCG will review electronic drafts and submit comments by email or via the ALI website. There may be occasional conference calls, but the MCG probably will not meet in person.