Uniform Commercial Code

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. 

A volume of the complete text of the UCC is available for purchase from Thomson Reuters. The 2022 amendments to the UCC are available on the ULC website. PEB Commentaries and Reports are posted on the PEB page.