The Commercial Codes Facilitate Transactions in Intangible Assets

Commercial codes deal with how you determine under state law When a transfer of an asset has taken place whether there's a security interest or like a lean on goods that secure loans and they the commercial codes facilitate Transactions in tangible and intangible assets. There have been all sorts of new assets created and it is unclear under the laws that were adopted before Before those assets existed how they will be treated for purposes of commercial transaction.