Definitions for "Uniform Commercial Code"
Set of laws regulating commercial transactions, especially ones involving the sale of goods and secured transactions.
Laws governing commercial transactions updated, standardized and approved by the National Conference Of Commissioners On Uniform State Laws. These laws have been adopted by all states except Louisiana and are under continued study for review and recommended changes.
A model statute covering things such as the sale of goods, credit, and bank transactions. All states have adopted and adapted the entire UCC, with the exception of Louisiana, which only adopted parts of it.
Uniform Customs and Practices (Brochure 500) Uniform Gifts to Minors Act (UGMA)
The State Code which regulates the transfer of and security interests in personal property.