Uniform Acts Uniform Commercial Code Law & Legal Definition
The Uniform Commercial Code is a model statute covering things such as the sale of goods, credit, bank transactions, conduct of business, warranties, negotiable instruments, loans secured by personal property and other commercial matters. All states have adopted and adapted the entire UCC, with the exception of Louisiana, which only adopted parts of it.
Under authority from state laws, the Secretary of State's Office in many states is the central filing office for certain financing statements, agricultural liens and other documents provided for in the Uniform Commercial Code (UCC). The Secretary of State may have also adopted regulations to facilitate implementation of the Uniform Commercial Code. Laws and regulations vary by state, so local laws should be consulted for specific requirements in your area.
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