The MBA House of Delegates, at its September 20, meeting voted
to support legislation updating portions of the Uniform Commercial
Code. House bill number 25, sponsored by the Uniform Law
Commissioners and the American Law Institute, would amend Article 1
containing general provisions, Article 7 regarding documents of
title and Article 9 regarding secured transactions.
The bill is currently before the Joint Committee on Economic
Development and Emerging Technologies. Passage of this bill would
promote uniformity in state commercial laws and afford greater
transparency in commercial transactions.
Since the UCC was last updated more than 10 years ago, the changes
contained in House Bill Number 25 would put Massachusetts in line
with many other states who have already enacted these changes.