Explaining The 2022 UCC Amendments Through Illustrations

LexisNexis (May 17, 2023, 10:24 AM EDT) -- Over the next months and perhaps years, the new 2022 Amendments to the Uniform Commercial Code will come before the legislatures of all fifty states. In fact, they are already enacted in several states. In addition to other significant revisions, the Amendments build into the existing UCC a new comprehensive statutory structure for electronic commerce. We devote this issue of the newsletter to the topic with this article written by Professor Stephen L. Sepinuck, an accomplished UCC scholar and author, who participated in the roughly four-year long drafting process. The article explains some of the more notable changes through the use of illustrations. Future issues of this newsletter will focus heavily on the Amendments themselves and the potential impact (both intended and unintended) the Amendments are likely to have on U.S. commercial law....