Search results
Results from the WOW.Com Content Network
The official 2007 edition of the UCC. The Uniform Commercial Code (UCC), first published in 1952, is one of a number of uniform acts that have been established as law with the goal of harmonizing the laws of sales and other commercial transactions across the United States through UCC adoption by all 50 states, the District of Columbia, and the Territories of the United States.
This article relies excessively on references to primary sources. Please improve this article by adding secondary or tertiary sources . Find sources: "Uniform Commercial Code adoption" – news · newspapers · books · scholar · JSTOR ( August 2016 ) ( Learn how and when to remove this message )
Article 9 of the Uniform Commercial Code (UCC), as adopted by all fifty states, generally governs secured transactions where security interests are taken in personal property. [1] 1 It regulates creation and enforcement of security interests in movable property, intangible property, and fixtures.
This is permitted under Article 9 of the Uniform Commercial Code. [1] The secured party in a strict foreclosure takes physical possession of collateral, and the debt for which the property served as collateral is discharged as fulfilled. Strict foreclosure is an effective remedy where the creditor has a need or use for the physical property itself.
The Uniform Commercial Code, or the "backbone of American commerce," has needed updates that must be passed. Uniform Commercial Code updates back in front of South Dakota lawmakers Skip to main ...
In the United States, when a U.C.C. collateral term is used in the security agreement, usually the courts will apply the Article 9 term meaning rather than the common one. [14] Various types of property can serve as collateral for a security interest, such as a when a person takes a mortgage out to purchase a house the house becomes collateral.
This template links to an external site, the Cornell University Law School Uniform Commercial Code database, returning the most current version of each article in the UCC. External links should not normally be used in the body of an article; see Wikipedia:External links for discussion of acceptable and unacceptable uses.
In turn, it was the California Practice Act that served as the foundation of the California Code of Civil Procedure. New York never enacted Field's proposed civil or political codes, and belatedly enacted his proposed penal and criminal procedure codes only after California, but they were the basis of the codes enacted by California in 1872. [11]