Uniform Commercial Code UCC

The UCC is a comprehensive modernization of various statutes relating to commercial transactions including sales, leases, negotiable instruments, bank deposits and collections, funds transfers, letters of credit, bulk sales, documents of title, investment securities, and secured transactions.

The Permanent Editorial Board for the UCC, a joint committee of ALI and the Uniform Law Commission, assists in attaining and maintaining uniformity in state statutes governing commercial transactions by discouraging non-uniform amendments to the UCC by the states, and by approving and promulgating amendments to the UCC when necessary. Visit the PEB page for recent PEB commentaries and other documents.

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    UCC 2017- 2018 Edition Official Text and Comments
    2000+ pages, 2017, #1UCCOTC17

    This book contains the complete text of the Uniform Commercial Code. It also includes appendices containing PEB commentaries and reports, past amendments, and pre-revision Articles.

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    PEB Report on Application of the UCC to Selected Issues Relating to Mortgage Notes
    17 pages, 2011, #1UCCNOV11E

    This report explains the application of UCC Articles 3 and 9 to provide guidance in (i) identifying the person who is entitled to enforce the payment obligation of the maker of a mortgage note, and to whom the maker owes that obligation; and (ii) determining who owns the rights represented by the note and mortgage.

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    Amendments to UCC Article 9, Secured Transactions
    129 pages, 2010, #1UCCPFTE

    This is the final version of the amendments to Article 9 of the UCC after approval by both the ALI and the ULC.

     

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