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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.
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.
In the United States, secured transactions in personal property (that is, anything other than real property) are governed by Article 9 of the Uniform Commercial Code (U.C.C.). [ 2 ] Security interest protection in bankruptcy proceedings
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 ...
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 )
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.
The security agreement sets out the various rights the grantee will have with respect to the collateral, which are in addition to all other rights which the lender may have by law, such as those rights contained in Article 9 of the Uniform Commercial Code which has been adopted in some form by each state in the United States. The Security ...
UCC Insurance is utilized for transactions described in Article 9, "Secured Transactions", of the Uniform Commercial Code,"UCC". All of the larger land-title insurance companies now offer various versions of UCC insurance. The policies contain significant differences, but tend to serve the same purpose. [citation needed]
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