Uniform Commercial Code
1978, [section] 2-313(1)(a).
Under Revised Article 9 of the Uniform Commercial Code
, which will take effect in many states on July 1, 2001, a secured creditor can perfect a security interest in a certificate of deposit by either taking possession of the CD or filing a UCC financing statement.
The NCCUSL, a 107-year-old organization whose purpose is to prepare statutes for uniform enactment among the states, and the ALI, a 76-year-old organization whose purpose is "to promote the clarification and simplification of the law and its better adaptation to social needs," have long been partners in drafting the various articles of the Uniform Commercial Code
Under the Uniform Commercial Code
(UCC), you, as a seller of castings, must comply exactly to the product specifications when tendering your castings to a buyer.
During the winters, with little farm work to do, Nichols curled up with Black's Law Dictionary and the Uniform Commercial Code
- an encyclopedia-length volume of rules that regulate commercial transactions.
A partner grants a creditor a security interest, which was perfected under the Uniform Commercial Code
In sections on negotiable instruments, check collection, and other payment systems, he discusses such topics as specialized negotiable instruments, basic liability rules for negotiable instruments, underlying obligations: suspension and discharge, specialized Uniform Commercial Code
loss allocation rules for negotiable instruments, and the law of credit cards and debit cards.
Cedillos works in the firm s Litigation practice and focuses on commercial litigation, banking litigation involving negotiable instruments under the Uniform Commercial Code
and loan participations, FINRA arbitrations, and real estate development and finance litigation, as well as bankruptcy litigation.
A general familiarity with the common law of contracts and Article 2 of the Uniform Commercial Code
(governing sales) is assumed.
When I first enrolled in Professor Shanker's Secured Transactions course as a second-year law student, I lacked any perspective on the significance of the subject matter and any realization of how privileged CWRU students were to be studying with someone who was present at the sculpting of significant portions of the Uniform Commercial Code
The Senate Judiciary Committee has moved legislation to clean up the Uniform Commercial Code