In real estate and commercial law, the Uniform Commercial Code is a standardized body of laws adopted by the states to provide a consistent framework for commercial transactions. It establishes a unified and comprehensive method for regulating security interests in personal property.
The Uniform Commercial Code supersedes many prior laws relating to commercial transactions and governs matters such as the creation, perfection, and enforcement of security interests. Its purpose is to promote uniformity and predictability in business dealings across jurisdictions.
