Document Type

Article

Publication Date

2006

Abstract

Unlike Revised Uniform Commercial Code Article 9 (1999), which every state and the District of Columbia enacted within roughly two years of its promulgation, states have been slower to warm to Revised UCC Article 1 (2001). Nearly seven years after the American Law Institute and the National Conference of Commissioners on Uniform State Law promulgated it, thirty-three states have enacted their own versions of Revised UCC Article 1. None of the thirty-three has enacted the uniform version in its entirety. All thirty-three enacting states have rejected the uniform choice-of-law provision (§ 1-301) in favor of retaining language based on pre-Revised § 1-105 - prompting the ALI and NCCUSL to consider amending the uniform version of Revised Article 1 to replace the language of Revised § 1-301 with language substantially the same as that in pre-Revised § 1-105 - and ten enacting states have rejected the uniform definition of good faith in favor of retaining the bifurcated good faith standard that existed in those states prior to their enactment of Revised Article 1 and still exists in the seventeen states that have not yet enacted Revised Article 1 and the District of Columbia.

Publication Citation

38 UCC L.J. 195 (2006).