Definition of Uniform Commercial Code in English:
The body of laws governing commercial transactions in the US.
- The National filing forms contained in Section 9521 of the Uniform Commercial Code will be accepted for filing.
- Over the past 50 years, various updates and revisions have been approved, so the Uniform Commercial Code as adopted in all of the states is not exactly uniform.
- Auctions are so different from retail that they are governed by different Federal laws, state laws, Uniform Commercial Codes, and city ordinances.
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