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Essay / Research Paper Abstract
This 7
page report discusses the “new” or “revised” Article 9 provisions
in the Uniform Commercial Code. Both the old and the new Article
9 primarily focus on secured transactions. The revised U.C.C..
Article 9 received final approval from the National Conference of
Commissioners on Uniform State Laws (NCCUSL) and the American Law
Institute (ALI) in July 1998. By July of 2001, it had received
“universal” acceptance and application. In general, the “new”
Article 9, expanded the scope of Article 9 in a number of ways
that affect such matters as deposit accounts as collateral,
duties of secured parties, choice of law, perfection of security
interests, priority rules, and the definition of proceeds.
Bibliography lists 5 sources.
Page Count:
7 pages (~225 words per page)
File: D0_BWucc9.wps
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