Commercial Code


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Commercial Code

A colloquial designation for the body of law known as the Uniform Commercial Code (UCC), which governs the various business transactions that are integral parts of the U.S. system of commerce. The UCC has been adopted in virtually all of the states.

References in periodicals archive ?
The West Virginia Secretary of States Office has released a new feature for its existing Uniform Commercial Code (UCC) Online Filing and Search System.
This casebook details the law governing the sales of goods under Article 2 of the Uniform Commercial Code and the United Nations Convention on Contracts for the International Sales of Goods, as well as aspects of documentary sales and letters of credit and the law of leases under Article 2A of the Uniform Commercial Code.
Some of the financial tools entrepreneurs need to receive investments and attract employees (such as preferred shares and employee stock options) are possible in Lebanon only through complex legal maneuvers as the commercial code does not allow for them (see story here ).
span style="font-family: Calibri; font-size: small;">Key changes under the New Law Repeal of current regime: Chapter V of the Commercial Code, which sets out the UAE's current insolvency regime, will be expressly repealed, together with various bankruptcy-related crimes set out in the Penal Code.
Based on static analysis defect density, open source code outpaced commercial code for quality in the 2013 report.
He noted that those firms which cannot increase their capital to the amount specified under the new Turkish Commercial Code (TTK) -- TL 50,000 for joint stock companies and TL 10,000 for limited liability companies -- by Feb.
They integrate and develop aspects of preventative law in which the practitioner advises the client on alternative methods of structuring transactions and the risks for each option, going beyond the text of the Uniform Commercial Code by explaining the practical constraints that affect decision-making.
The code that eventually passed was almost a pure legal transplant of the Spanish Commercial Code of 1829.
These requirements are contained in a myriad of very different legal statutes (local and federal codes of civil procedures, the Commercial Code and international conventions), which despite significant differences, uniformly respect the limited judicial review system that generally prohibits substantive review of the merits of the case.
He said the Assessing Department was able to obtain information about the acquisition of property by local businesses by utilizing Uniform Commercial Code financial statements that are available on the secretary of state's Web site.
On May 1st, 2006, one of the biggest revisions in the last 50 years of the Japanese commercial code, the "Sho-ho," was enacted.

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