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Uniform Commercial Code

ABA Section of Business Law


Uniform Commercial Code

Mission Statement

The UCC Committee provides timely information and training to its members, the wider bar, and the public 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, software contracting, suretyship, and international commercial transactions). The Committee does this through programming at the annual meeting of the ABA and the spring meeting of the Business Law Section, regional programming, electronic postings, print publications, and the generation of model agreements. The Committee also assists in the law reform work of the ABA and the Business Law Section, and through them, the efforts of such other organizations as the Uniform Law Commission, the American Law Institute, and the United Nations, as well the state, federal, and territorial governments of the United States.

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Power of Attorney Statute

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.


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Related Products

Portable UCC, Fourth Edition, The
Available January 2005, as a new Fourth Edition, this compact volume puts the complete text of the Uniform Commercial Code---including revised Article... more

Leadership

Chair:  Penelope L Christophorou

Vice-Chair:  Kristen David Adams, Thomas Jude Buiteweg, Norman M Powell

Committee Roster (1845 total members)

Modified by Frank Hillis on January 26, 2010

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