Uniform Commercial Code Definition and Legal Meaning
On this page, you'll find the legal definition and meaning of Uniform Commercial Code, written in plain English, along with examples of how it is used.
What is Uniform Commercial Code?
(n) Uniform Commercial Code is the statute to regulate commercial money transactions. It contain the provisions,rules, forms to govern commerce, secured loans and while dealing with negotiable instruments. These statutes had been adopted by almost all states as a statute to Govern commercial matters.