Uniform Commercial Code and its Official Commentaries

Author: Prepared by the Uniform State Law Commission, Translated by Gao Shengping
Publisher:
Publish 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 interpretation of the Code made by its drafters, is equivalent to the legislative reasons in civil law. It explains the purpose of each provision of the Code in detail, making it highly valuable for reference. This volume includes the translation of Title IX on movable property security transactions, covering scope of regulation, types of collateral, effective establishment of security interests, publicization of security interests, priority rules, rights of third parties, obligations of secured parties, and enforcement of security interests.