Commissioners on Uniform State Laws in order to unify legal codes in all American states. All 50 states (as well as the District of Columbia and several commonwealths) have adopted a version of the Uniform Commercial Code, though some states, notably Louisiana, have made various changes to it...
The UCC was presented to the states in 1951, with Pennsylvania being the first to adopt the UCC in 1953 and other states adopting it over time. Louisiana is the only state that has not fully ratified the code, though it has adopted part of it.1 Special Considerations Each state has the ...
A secured party’s obligations with respect to a financing statement do not end with filing of the record.