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#75 - UCC Article 12 Amendments with Drew Hinkes and Andrea Tosato

Law of Code

CHAPTER

What Is Happening With Uniform Commercial Code?

The key thing about article 12 was the people who were sort of in charge of the Uniform Commercial Code understood that you needed the industry, the market participants, to take ownership of these rules. And I'm not seeing this in those other areas of the law in which reform is desperately needed. It's important to note that people who arrived at this initially as observers were effectively promoted on the field. So Drew and I were observers with no informal or informal claim to influence the development of this project.

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