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What is Uniform Commercial Code?

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. See Louisiana R.S. 10:9-101 and the Model Administrative Rules for more information regarding UCC laws.

 

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