Page 4 - Uniform Commercial Code News Today

Citigroup emphasized that while no system is foolproof against every scam, they argued against a lawsuit that could significantly disrupt “how banks have organized their policies and practices for decades.” Read more.

The Tennessee House gave final approval to a bill that would expressly exclude a central bank digital currency (CBDC) from the definition of money and a "deposit account" under the Uniform Commercial Code (UCC), creating potentially significant roadblocks to its use as such in the Volunteer State

Michael Stern, the developer of 9 DeKalb Avenue’s Brooklyn Tower, has defaulted on a $240 million loan. A UCC foreclosure auction has been scheduled for June 10 by Silverstein Capital Partners, which issued the loan in 2019, according to marketing materials from real estate company JLL. 

Citigroup on Tuesday urged a federal judge to dismiss New York Attorney General Letitia James lawsuit accusing its Citibank unit of failing to reimburse customers who fall victim to online...

By Jonathan Stempel NEW YORK (Reuters) - Citigroup on Tuesday urged a federal judge to dismiss New York Attorney General Letitia James lawsuit ...

For sellers of goods, it is all but impossible to escape the reach of the Uniform Commercial Code ("UCC") because its Article 2 applies to sales of goods.

/PRNewswire/ -- Pursuant to Section 9-610 of the Uniform Commercial Code, Montgomery Capital Partners IV, LP (the "Secured Party") will hold a secured party...

MONTGOMERY CAPITAL PARTNERS IV, LP TO AUCTION THE PERSONAL PROPERTY OF HOLY KOMBUCHA, INC. VIA PUBLIC SALE

John Hyman took his passion for planting trees and turned it into a multimillion-dollar Maryland landscaping business that is going strong after 45 years. While...

The ULC has become increasingly more radical, regularly pushing policymakers to adopt legislation that undermines the rights of individuals.