A Few Facts About The...

REVISED UCC ARTICLE 9, SECURED TRANSACTIONS (1999)

PURPOSE:
Updates UCC Article 9, last revised in 1972 and adopted in every state. Article 9 provides a statutory framework that governs secured transactions- transactions which involve the granting of credit secured by personal property.

ORIGIN:
Completed by the Uniform Law Commissioners, in conjunction with the American Law Institute, in 1999.

APPROVED BY:
American Bar Association

STATE ADOPTIONS:
Alabama
Alaska
Arizona
Arkansas
California
Colorado
Connecticut
Delaware
District of Columbia
Florida
Georgia
Hawaii
Idaho
Illinois
Indiana
Iowa
Kansas
Kentucky

Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota
Mississippi
Missouri
Montana
Nebraska
Nevada
New Hampshire
New Jersey
New Mexico
New York
North Carolina
North Dakota

Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island
South Carolina
South Dakota
Tennessee
Texas
U.S. Virgin Islands
Utah
Vermont
Virginia
Washington
West Virginia
Wisconsin
Wyoming

2009 INTRODUCTIONS:

For any further information regarding the Revision of UCC Article 9, Secured Transactions,
please contact Michael Kerr or Katie Robinson at 312-450-6600.

© 2002 National Conference of Commissioners on Uniform State Laws
111 North Wabash Ave., Suite 1010
Chicago, Illinois 60602

tel: (312) 450-6600 | fax: (312) 450-6601 | e-mail: nccusl@nccusl.org