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



Cosponsored Task Forces and Groups


Related Products



Portable UCC, 5th Edition, The
It is the 20th anniversary of The Portable UCC! Did you know that current changes to Article 2 and 2A of the UCC revert back to the pre-2003 v... more

Join Us



- Join Our Committee
- Join Our Section
- Join The ABA


Leadership



Chair:  Norman M Powell

Vice-Chair:  Kristen David Adams

Committee Roster (1661 total members)


Listserves (help)



BL-UCC-COM
Members only listserve

subscribe | unsubscribe
post | archives | search | settings


Programs, Meetings and Events



Section Events
April 24, 2014
Location: N/A
Format: Webinar/Teleconference

April 29, 2014
Location: N/A
Format: Webinar/Teleconference


Subcommittees and Task Forces Click [+] for listing



 Sub Committees
 Others
 Task Forces

Just In:



2010 Commercial Law Cases by Professor Stephen L. Sepinuck

Joint Review Committee for Article 9



2010 Amendments to Article 9 and Changes to Official Comments Final
Proposed Amendments as Approved by ALI (June 2010)
Meeting Notes (March 2010)
Meeting Notes (September 2009)
Proposed Amendments (May 2009)
Meeting Materials (February 2009)
Meeting Notes (March 2009)
Meeting Notes (February 2009)
Meeting Notes (October 2008)
Committee Report (May 2008)

Committee Resources



PEB Commentary - Highland Capital
PEB Commentary - LLPs
PEB Commentary - 9-406 & 9-408
Commercial Law Newsletter
Useful Links
Publications
UCC Committee Leadership Handbook
Study Committee on Regulation of Financial Markets and Payment Systems -- Issues List
UNICTRAL Working Group on Electronic Commerce Report on Electronic TransfTransferable Records (e.g., documents of title or instruments) and Related Materials, dated September 8, 2011
Draft Report of the Permanent Editorial Board for the UCC re Assignment of Mortgage Notes (March 29, 2011)
Study Committee on Regulation of Financial Markets and Payment Systems -- White Paper
Study Committee on Regulation of Financial Markets and Payment Systems -- Position Paper
Study Committee on Regulation of Financial Markets and Payment Systems -- Roster
PEB Report on Maintaining Perfection Beyond June 30, 2006 of Security Interests Created and Perfected by Filing Under Former Article 9

Program Materials



2013 Annual Meeting
2013 Spring Meeting
2012 Annual Meeting
2012 Spring Meeting
TOUSA ABA Presentation
more links...

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.

more...

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...

Modified by Graham Hunt on March 28, 2014

Back to Top