November 04, 2020

Electronic Transactions

Electronic Transactions

The UCC and the ABA’s Business Law Section: In Praise of the Omnium Gatherum
     Carl S. Bjerre, Amelia H. Boss, Steven L. Harris, Charles W. Mooney, Jr., Sandra M. Rocks, Edwin E. Smith, and Steven O. Weise, 75(4): 2411-2426 (Fall 2020)
Most of the Uniform Commercial Code revision and amendment projects of recent decades have drawn invaluable input and energy from the committees, subcommittees, task forces, and working groups of the ABA’s Business Law Section. The projects addressed in this article are the initial promulgation of Article 2A on Leases; the repeal and revision of Article 6 on Bulk Sales; the revisions to Article 8 on Investment Securities; the revision of Article 9 on Secured Transactions; and the “Terrible Two’s” projects involving UETA, the unfulfilled amendments to Articles 2 and 2A on Sales and Leases, and UCITA. Drawing on their first-hand experiences among many other sources, the authors show the wide variety of beneficial forms that the Section’s input has taken.