The PEB, a joint committee of ALI and the Uniform Law Commission, assists in attaining and maintaining uniformity in state statutes governing commercial transactions by discouraging non-uniform amendments to the Uniform Commercial Code by the states, and by approving and promulgating amendments to the UCC when necessary.
The UCC is a comprehensive modernization of various statutes relating to commercial transactions including sales, leases, negotiable instruments, bank deposits and collections, funds transfers, letters of credit, bulk sales, documents of title, investment securities, and secured transactions.
UCC material in both draft and final form is copyrighted. A license is required for the reproduction of UCC material. Request reprint permission.
Amendments to UCC Article 9 were approved by the ALI and ULC in 2010. The 2003 amendments to UCC Articles 2 and 2A were withdrawn in 2011. An amendment to UCC Section 4A-108 was approved by the ALI and ULC in 2012 and the Comments were revised in 2013.
PEB Commentary: Highland Capital Case (July 2014)
Revised UCC Section 4A-108 (February 2013)
PEB Report on Application of the UCC to Selected Issues Relating to Mortgage Notes (November 2011)
PEB Commentary-Sections 4A-502(d) and 4A-503 (July 2009)
PEB Statement Regarding December 2005 PEB Report
PEB Report on Effect of Non-Uniform Scope Provisions in Revised Article 9 (November 2004)
