- The Uniform Commercial Code (UCC) is a set of business laws that govern financial contracts and transactions across states.
- The UCC Code consists of nine separate articles, each covering a different aspect of banking and credit.
- Companies doing business outside of their state must comply with the Uniform Commercial Code (UCC).
- The UCC code has been fully adopted by most states and slightly adapted by others.
- The Uniform Commercial Code (UCC) was adopted not by Congress, but by private organizations.