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Re: [tips_and_tricks] Uniform Commercial Law is not Federal Law

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  • Email41@aol.com
    Uniform Commercial Code is not Federal Law I. What is the UCC? The Uniform Commercial Code (UCC), a comprehensive code addressing most aspects of commercial
    Message 1 of 4 , Feb 16, 2011
      Uniform Commercial Code   is not Federal Law

      I. What is the UCC?


      The Uniform Commercial Code (UCC), a comprehensive code addressing most aspects of commercial law, is generally viewed as one ofthe most important developments in American law. The UCC text and draftrevisions are written by experts in commercial law and submitted as drafts for approval to the National Conference of Commissioners on Uniform State Laws (now referred to as the Uniform Law Commissioners),in collaboration with the American Law Institute. The Commissioners areall attorneys, qualified to practice law, including state and federal judges, legislators and law professors from throughout the United Statesand its territories. These quasi-public organizations meet and decide whether to endorse these drafts or to send them back to the experts for revision. The revision process may result in several different revisionsof the original draft. Once a draft is endorsed, the Uniform Law Commissioners recommend that the states adopt these rules.

      The UCC is a model code, so it does not have legal effect in a jurisdiction unless UCC provisions are enacted by the individual legislatures as statutes. Currently, the UCC (in whole or in part) has been enacted, with some local variation, in all 50 states, the District of Columbia, and the Virgin Islands.

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