Article 2 of the Uniform Commercial Code (UCC) streamlines and clarifies contract law as it applies to goods (UCC Section 2-102). It preemptively, systematically and comprehensively addresses contract ...
On December 5, the governor of New York signed into law an act to amend the state’s UCC, aiming to address emerging technologies and update rules for commercial transactions involving virtual ...
In August 2021 and April 2022, this column discussed the, at the time, proposed substantial revisions to the Uniform Commercial Code (UCC) under consideration by the Uniform Law Commission (ULC) and ...
Action Item: When a secured loan is being paid off, lenders routinely authorize the borrower’s counsel to prepare and file UCC termination statements releasing the lender’s security interest in the ...
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