2022 Proposed Amendments to Articles 1 through 7 of the UCC: Key Issues | Practical Law
A Practice Note discussing key changes to Article 1, Article 2, Article 2A, Article 3, Article 4, and Article 7 included in the 2022 amendments to the Uniform Commercial Code (UCC). The changes provide standards for the negotiability, transfer, and control of digital assets, new definitions for key terms, including money, conspicuous, sign, and person, and new tests for determining when the UCC governs hybrid contracts and hybrid leases.