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What is the Uniform Commercial Code (UCC)?

The Uniform Commercial Code is a body of laws governing commercial transactions in the United States. This is considered all tangible personal property (e.g., cars, boats etc.) but will not include any of the following:

1. Contracts for real property (land) 

2. Contracts for intangible property (stock) 

3. Contracts for fixtures (buildings attached to land) 

What is Article 9:

Article 9 of the Uniform Commercial Code (UCC) is a statutory law that governs contracts for all secured transactions. This article has been revised and is applicable to transactions that create a security interest in both tangible and intangible personal properties. 


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