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Uniform Commercial Code (UCC)

Collection of laws dealing with commercial business.

Uniform Commercial Code

A template for a law governing the transfer of personal property, commercial goods, and other property (though generally excluding real estate). The Uniform Commercial Code governs sales, leases, bank deposits, letters of credit, auctions, securities, and other transactions when they are subject to state, rather than federal, law. The Uniform Commercial Code was developed in the 1950s by the American Law Institute and the National Conference of Commissioners on Uniform State Laws in order to unify legal codes in all American states. All 50 states (as well as the District of Columbia and several commonwealths) have adopted a version of the Uniform Commercial Code, though some states, notably Louisiana, have made various changes to it.


See Uniform Commercial Code.

References in periodicals archive ?
CTs UCC Filing Hub is a game changer for deal lawyers and paralegals, said John Weber, President and CEO of Wolters Kluwers CT Corporation.
Ghareeb also disclosed that the delegation handed Minister Bou Sb a written memo bearing on a set of constants which safeguard the UCC rights in salary scale numbers.
Additionally, 43% have a budget for "most components" of UCC, while 42% of
UCC cruised past UCD 1-20 to 0-14 in Friday's semi, but found it tougher going yesterday and led just 0-9 to 0-7 at half-time.
IT scored a brilliant 10th minute goal from James McGivney, they were overpowered by a rampant UCC.
I argue that we can gain insight into Korea's technoculture through its specific, 'rebranded' version of UCC.
Google Apps, enhanced with Google Voice and several other consumer applications, will create a very cost-effective UCC package for businesses, Oviedo argues.
In New York City, UCCs, security agreements used by lenders to place a lien on personal property, are most commonly used in connection with institutional lending on cooperative apartments.
Seisuke Ueshima, president of UCC subsidiary UCC Foodservice Systems Inc.
In addition, UCC members are active in NLC and share the challenges and objectives of NLC member cities.
George Detweiler, a constitutional lawyer and former assistant attorney general for the state of Idaho, recommends that the UCC be amended to read as follows: