Divorce Dex.com: Uniform Commercial Code (UCC)

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Definition Uniform Commercial Code (UCC) - one of the uniform laws drafted by the NCCUSL and the ALI governing commercial transactions.

Application in Divorce The UCC governs commercial transactions, including the sales and leasing of goods, transfer of funds, commercial paper, deposit and transfer of funds, letters of credit, bulk transfers, receipts, bills of lading.

Most states have adopted all or part of the UCC.

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