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Uniform Commercial Code
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Uniform Commercial Code (UCC)

Collection of laws dealing with commercial business.

Uniform Commercial Code (UCC)

A system of laws governing commercial transactions such as sales of goods, banking, the taking of security interests in personal property, documents of title regarding personal property,and letters of credit.The word “uniform”is misleading because all states have their own customized versions of the UCC.The UCC is important to real property because many real estate transactions involve a component that includes personal property.

Link to each state's version of the UCC by going to Cornell University's excellent legal resources site at www.law.cornell.edu/uniform/ucc.html. See also uniform laws.

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