Uniform Commercial Code and its Official Commentaries. Volume III

Author: National Conference of Commissioners on Uniform State Laws / Gao Shengping
Publisher:
Publication Date: 2006-01-01
Features: The Uniform Commercial Code (UCC) of the United States is a model law jointly drafted by the National Conference of Commissioners on Uniform State Laws (NCCUSL) and the American Law Institute (ALI). It was officially published in 1952 and has been adopted by all 50 states in the U.S. It has had a profound impact on the civil and commercial legislation of countries around the world and international commercial conventions, and its importance is widely recognized globally. It is hailed as one of the greatest written codes in the history of the common law system. The official commentary on the Code, which is the explanation provided by the drafters of the UCC, is equivalent to the legislative reasons in civil law. It provides detailed explanations of the purpose of each provision of the Code, making it highly valuable for reference. This volume includes the translation of Title 9 of the Code, which covers movable property security transactions. It includes topics such as the scope of regulation, types of collateral, the effective establishment of security interests, the publicity of security interests, priority rules, the rights of third parties, the obligations of secured parties, and the enforcement of security interests.