American Bar Association
 
Uniform Commercial Code Committee

ABA Section of Business Law


Uniform Commercial Code Committee


Mission Statement

The mission of the Uniform Commercial Code Committee is to provide timely information and training to its members and the wider bar about recent developments in commercial law, commercial transactions and commercial practices covered directly by the UCC (e.g., sales and leases of goods, payments, letters of credit, documents of title, investment securities and secured transactions) as well as those covered tangentially (e.g., bankruptcy, law relating to LLCs and other unincorporated entities, law of guaranty and international commercial transactions).

Committee Facts

  • Nearly 1800 members
  • We have three in-person meetings a year at the Business Law Section Spring Meeting, the ABA Annual Meeting and a standalone Fall Meeting the location of which varies year-to-year
  • We co-sponsor with the Commercial Finance Committee a dinner at each Spring and Annual Meeting which is open to all attendees of the Meetings
  • Committee meetings often include significant participation by professors, practitioners and drafters of various articles of the UCC, with extensive opportunity for discussion and collaboration.
  • Our 19 active Subcommittees and Task Forces focus on a wide range of commercial law topics, providing members extensive opportunity to write and research and work with other commercial law lawyers
  • We offer Extensive sponsored and co-sponsored programs at our in-person meetings and via the web throughout the year on recent developments in commercial law and in training in areas of significant interest to practitioners
  • We publish 3 issues each year of the Commercial Law Newsletter containing a highly anticipated Spotlight column on recent cases and on current developments in commercial law
  • We publish an annual survey of commercial law in The Business Lawyer
  • We have published 15 books on various commercial law topics
  • The work of our members includes extensive comment and review of and reporting on new commercial law legislation in the state, federal and international levels, including the appointment of committee members as advisors to drafting bodies at all these levels

Areas of Expertise

  • Sale of goods
  • Payment systems
  • Letters of credit
  • Warehouse receipt rules and laws
  • Investment securities
  • Secured transactions
  • Creditors' rights generally
  • Relation of the UCC to other law, including common law, federal law and bankruptcy law
  • Comparison of the UCC to the commercial law of other countries and international treaties and conventions on the UCC

Power of Attorney Statute



UPDATE: New York's Governor Patterson announced on August 15, 2010 that he signed a Technical Corrections Act modifying the Power of Attorney Law. The full text of the Technical Corrections Act can be found here and is attached below.

The Technical Corrections Act amends the Power of Attorney that became effective on September 1, 2009 to correct many of the problems pointed out in the materials previously posted on this website (see below postings).

The new law will be effective on September 12, 2010, retroactive to September 1, 2009. The execution of a new power will no longer be an automatic revocation of a prior power, and multiple powers can co-exist. Powers given for commercial transactions are exempt from the requirements of the new POA law, as are corporate proxies, powers contained in commercial loan documents and powers coupled with an interest.



New York recently adopted changes to the New York statutes dealing with individual powers of attorney. These changes may have the unintended effect of invalidating powers of attorney that are used in a variety of common corporate, commercial and finance transactions. Below is a white paper signed by 51 law firms addressing certain issues arising from those changes. In addition, the final report of a New York State Bar Association working group proposing amendments to the New York law, and the text of the proposed amendments, can be found below. Dick Howe, a member of the working group, has provided us with these NYSBA working group materials. If you have any comments on them, please send them to Dick at hower@sullcrom.com.

Cosponsored Task Forces and Groups


Related Products

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Leadership

Chair:

Adams, Kristen

Vice-Chairs:

Torregrossa, Joseph
Zierdt, Candace

Committee Roster  


Subcommittees and Task Forces  (click [+] for listing)

 Sub Committees


Programs, Meetings and Events

Section Events

    International Purchase and Sale of Goods - What Every Lawyer Needs to Know

    12/13/2016-12/13/2016

    In todays increasingly global marketplace, more and more companies are buying and selling goods internationally. This program will provide an essential overview of how to accomplish and finance international purchases and sales of goods. Topics covered will include the United Nations Convention on Contracts ...

    Antitrust Essentials for Business Lawyers: Gun-Jumping, No-Poaching Agreements and Other Antitrust Don'ts

    12/15/2016-12/15/2016

    A panel of experienced antitrust practitioners from the United States and Canada will discuss the antitrust essentials and key developments that business lawyers need to know when their clients are collaborating with competitors or going forward with a

    2017 Banking Law Committee Meeting

    01/05/2017-01/07/2017
    The Ritz-Carlton
    Washington

    **THIS PAGE IS THE STARTING POINT FOR REGISTRATION AND TO ADD TICKETED EVENTS (LUNCHES/DINNERS) TO YOUR REGISTRATION** TO ADD EVENTS TO AN EXISTING REGISTRATION: Click on Register Now, which will prompt you to log-in with your ABA credentials. ...


Survey - Uniform Commercial Code


Just In:


Joint Review Committee for Article 9


Committee Resources


Program Materials


Uniform Certificate of Title Act for Vessels

NCCUSL's preparation of Uniform Certificate of Title Act for Vessels (UCOTAV) is an effort to promulgate a uniform boat titling act which will coordinate boat titling with the boat numbering laws now in effect in all 50 states (under 33 C.F.R. parts 173 and 174 pursuant to 46 USC chap. 123) and with the Vessel Identification System being implemented by the Department of Homeland Security (through the Coast Guard) under 33 C.F.R part 187, pursuant to 46 USC chap 125).? The UCOTAV currently being drafted will also coordinate with the process of vessel documentation and preferred mortgage financing under 46 USC chap. 121 and 313 and with the UCC (Sect. 9-311). Because only about 35 states now issue titles to boats, UCOTAV affords an important opportunity to improve the laws relating to marine finance in this country. The following link will direct you to the website of the Subcommittee on Maritime Finance.
more...


Listserve

In order to send a message to the listserve, send a message to the email address below. You must be a member of the Committee to successfully send a message to the listserve.

BL-UCC-COM@mail.americanbar.org

In order to access the listserve archive, please click here.


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Modified by Graham Hunt on May 24, 2016

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