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Uniform Commercial Code

A uniform code governing commercial transactions that has been adopted in some form by every state as well as by the District of Columbia.  It includes sections pertaining to sales and leases of goods, negotiable instruments, and secured transactions - as well as on other categories related to banks and commercial transactions.

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Definition from Nolo’s Plain-English Law Dictionary

A set of laws that govern commercial transactions (such as sales, warranties, negotiable instruments, loans secured by personal property, and other commercial matters) that has been adopted in some form in every state.

Definition provided by Nolo’s Plain-English Law Dictionary.

August 19, 2010, 5:26 pm

 

"Plaintiffs assert that they have analyzed the applicable laws of the fifty-one jurisdictions and they are virtually the same."

"As support for their argument, plaintiffs provided the district court with . . . the text of the relevant provisions of the Louisiana Civil Code and the UCC provisions of forty-nine states and the District of Columbia.  Plaintiffs additionally provided an overview of textual variations in the relevant UCC provisions as adopted by the fifty jurisdictions."

Cole v. General Motors Corp., 484 F.3d 717, 725 (5th Cir. 2007) (quotation marks and citation omitted).