These links and resources are compiled by the Commercial Law Center to help commercial law professors, practitioners, and students in their study of commercial law.
The Transactional LawyerThe Transactional Lawyer is a bi-monthly, electronic newsletter published by the Commercial Law Center. The newsletter offers advice to lawyers on how to structure and document commercial transactions and alerts transactional attorneys to recent legal developments that may affect their practice.
The newsletter is free and is intended for wide distribution. Readers are welcome to copy and distribute the newsletter, either in print or in its electronic format.
To subscribe to the newsletter, click here.
All files are in PDF format
The Transactional Lawyer – Aug. 2014
The Transactional Lawyer – June 2014
The Transactional Lawyer – Apr. 2014
The Transactional Lawyer – Feb. 2014
The Transactional Lawyer – Dec. 2013
The Transactional Lawyer – Oct. 2013
The Transactional Lawyer – Aug. 2013
The Transactional Lawyer – June 2013
The Transactional Lawyer – Apr. 2013
The Transactional Lawyer – Feb. 2013
The Transactional Lawyer – Dec. 2012
The Transactional Lawyer – Oct. 2012
The Transactional Lawyer – Aug. 2012
The Transactional Lawyer – June 2012
The Transactional Lawyer – Apr. 2012
The Transactional Lawyer – Feb. 2012
The Transactional Lawyer – Dec. 2011
The Transactional Lawyer – Oct. 2011
The Transactional Lawyer – Aug. 2011
The Transactional Lawyer – June 2011
The Transactional Lawyer – Apr. 2011
The Transactional Lawyer – Feb. 2011
Spotlight is a regular column in the joint newsletter of the UCC and Commercial Finance Committees of the American Bar Association. Its purpose is to highlight recent judicial decisions that improperly interpret or apply the Uniform Commercial Code, in the hope that other courts will avoid the same analytical mistakes. The columns are presented here in PDF format, copies of the full newsletter are available here.
All files are in PDF format
Spotlight – July 2014
Spotlight – Mar. 2014
Spotlight – Oct. 2013
Spotlight – Aug. 2013
Spotlight – Apr. 2013
Spotlight – Nov. 2012
Spotlight – Aug. 2012
Spotlight – Mar. 2012
Spotlight Archive – 2011 – 2010
Spotlight Archive – 2009 – 2008
Spotlight Archive – 2007 – 2006
Annual Commercial Law Updates
Article 9 RevisionsIn 2010, the Uniform law Commission and the American Law Institute approved the following amendments to Article 9 of the UCC and its official comments. The amendments, if enacted at the state level, will have a uniform effective date of July 1, 2013.
Joint Review Committee Notes – October 2008 – March 2010
Study Group Report – June 2008
Permanent Editorial Board for the UCC Commentaries
On November 14, 2011, the Permanent Editorial Board for the UCC issued a Report on Application of the UCC to Selected Issues Relating to Mortgage Notes. This Report details some of the complex legal issues concerning the enforcement and collection of mortgage debt. In particular, the Report explains how the rules of Articles 3 and 9 apply to and govern the ownership and enforceability of notes secured by real property.
On February 6, 2012, the PEB issued three draft commentaries for public comment.
- The first deals with whether a limited liability partnership qualifies as “registered organization” under Article 9: Limited Liability Partnerships under the Choice of Law Rules of Article 9 (pdf).
- The second deals with how sections 9-406 and 9-408 apply to restrictions on the transfer of an ownership interest in an unincorporated business entity: Application of UCC Sections 9-406 and 9-408 to Transfers of Interests in Unincorporated Business Organizations (pdf). On that issue, also see the February issue of The Transactional Lawyer.
- The third expands upon the new anti-Highland Capital comment added to section 8-102 comment 13: New Anti-Highland Capital Comment (pdf).
On April 29, 2013, the PEB issued a draft commentary on the Hague Securities Convention’s Effect on Determining the Applicable Law for Indirectly Held Securities. PEB Commentary on Hague Securities Convention (pdf).
In the summer of 2008, the Uniform Law Commission created the Study Committee on Payment Issues. This new study committee is charged with: (i) monitoring developments at the federal level, particularly with respect to the Federal Reserve Board, Treasury Department, and Congress, concerning the regulation of financial institutions and payment systems; (ii) representing the Uniform Law Commission before those entities; (iii) presenting the advantages of maintaining a balance of state and federal regulation in these areas; and (iv) making appropriate recommendations concerning possible ULC, or joint ULC/ALI, projects in these areas.
The documents prepared by the Study Committee on Payment Issues are:
Memo – October 2009
White Paper on Issues Under UCC Articles 3 and 4 – March 2009
Study Committee 2009 Agenda – February 2009
Issues List – November 2008
Position Paper – March 2008
Uniform Certification of Title for Vessels ActIn 2011, the Uniform Law Commission adopted a new Certificate of Title for Vessels Act. The goal of the act is to bring to boat titling and boat financing a uniformity equal to or exceeding that applicable to motor vehicles. The new law is designed to work seamlessly with Article 9 of the Uniform Commercial and, to the extent possible, with the federal Ship Mortgage Act. It also includes a branding provision for vessels whose hull integrity has been compromised.
- ABA Business Law Section
- American Bankruptcy Institute
- American Law Institute
- Association of Commercial Finance Attorneys
- Commercial Finance Association
- Equipment Leasing Association
- Legal Opinion Resource Center
- Permanent Editorial Board of the UCC
- Uniform Law Commission
- Uniform Law Conference of Canada
- U.S. Trustee Program
- U.S. Bankruptcy Courts
- UCC Law ListservThis is essentially a discussion board for legal issues involving the Uniform Commercial Code. Many of the practitioners and academics who helped draft the code regularly post responses to questions. It is a highly useful resource.
- ABI ListservProvides daily updates on bankruptcy developments, including notice of major filings, important decisions, and current statistics.
- UCC Committee of ABA ListservMembers of the UCC Committee are automatically enrolled on the listserv and receive the electronic newsletter published three times each year by the UCC Committee and the Committee on Commercial Finance. There are also occasional postings about committee activities.