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2010 Update to Article 9 of the
Uniform Commercial Code

Dennis H. Long
Lecturer in Commercial Law
Maurer School of Law
Indiana University

Joint Review Committee for UCC Article 9
The American Law Institute / The Uniform Law Commission

Update (June 17, 2010)

The Joint Review Committee has published its Draft for Approval which will be submitted to the Uniform Law Commission (formerly NCCUSL) for approval at its July 9-16 Annual Meeting. Links to the Draft and two memoranda from the Committee have been added below.

Update (June 1, 2010)

The ALI voted to adopt the Draft of Amendments to Article 9 on May 17, 2010. According to observers present at the ALI Annual Meeting, the adopted draft was essentially identical to the Tentative Draft No. 1 of April 11, 2010. The adopted draft has not yet been posted to either the ULC or Penn Biddle web site.

Update (May 14, 2010)

There have been no documents made public by the Joint Committee since the April 11, 2010 Tentative Draft No. 1, posted below. That draft or some newer version will be presented to the ALI for a vote on May 17, 2010. When the results of ALI's consideration are made public, they will be posted here.

The joint ALI/ULC committee will draft specific revisions of UCC Article 9 to address specific issues that a study committee has already identified as needing statutory revision. The issues that the committee will address are those as to which ambiguities have been discovered in existing statutory language, where there have been substantial problems in practice in applying current statutory provisions, or as to which there have been significant judicial decisions or non-uniform amendments that suggest the need to consider statutory revisions. The committee presented a draft for initial consideration at the July 2009 Annual Meeting and is expected to present its act for final approval in July 2010. The draft also will be considered at the ALI Annual Meeting in May 2010. The Committee intends to recommend a uniform adoption date in 2013.

Below are the most current documents related to the Proposed Amendment of UCC Article 9:

Below are the Web sites at which the latest updates on the Article 9 revision process can be found: