The Uniform Commercial Code Survey: Introduction

摘要

Well, the gloves are off in the revised Article 2 arena and it appears as if the National Conference of Commissioners on Uniform State Laws ("NCCUSL") has taken the first shot. Efforts to test the opposition to revised Article 2 by targeting enactment in a few key states has left NCCUSL with a bit of a black eye. In Kansas, the bill was referred to the state bar for comment and no action was taken. In Nevada, the bill died in committee after a single hearing in which both industry representatives and at least one academic strongly criticized it. The revisions to Article 7 have faired better. They did not receive final approval from NCCUSL and the American Law Institute until the summer 2003 but have already been enacted in fifteen states.