Uniform Commercial Code

In January 2018, the Council approved proposed amendments to Articles 1, 3, 8, and 9, subject to the discussion at the meeting and the usual editorial prerogative. The amendments include a separate draft of revisions to §§ 9-406 and 9-408 on anti-assignment overrides. The proposed amendments will be presented for approval at the 2018 Annual Meeting.

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The Permanent Editorial Board for the Uniform Commercial Code, a joint committee of ALI and the Uniform Law Commission, 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.

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.