Senate Bill S7816

Signed By Governor
2013-2014 Legislative Session

Relates to revising and modernizing the uniform commercial code

download bill text pdf

Sponsored By

Archive: Last Bill Status Via A9933 - Signed by Governor


  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

Do you support this bill?

Please enter your contact information

Home address is used to determine the senate district in which you reside. Your support or opposition to this bill is then shared immediately with the senator who represents you.

Optional services from the NY State Senate:

Create an account. An account allows you to officially support or oppose key legislation, sign petitions with a single click, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.

Include a custom message for your Senator? (Optional)

Enter a message to your senator. Many New Yorkers use this to share the reasoning behind their support or opposition to the bill. Others might share a personal anecdote about how the bill would affect them or people they care about.
Actions

2013-S7816 (ACTIVE) - Details

See Assembly Version of this Bill:
A9933
Law Section:
Uniform Commercial Code
Laws Affected:
Rpld Arts 1 & 7, §2-A--207, amd UCC, generally

2013-S7816 (ACTIVE) - Summary

Relates to revising and modernizing the uniform commercial code; makes significant amendments and revisions to articles 1, 7 and 9; makes conforming amendments.

2013-S7816 (ACTIVE) - Sponsor Memo

2013-S7816 (ACTIVE) - Bill Text download pdf

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  7816

                            I N  S E N A T E

                              June 11, 2014
                               ___________

Introduced  by  Sen.  FARLEY -- read twice and ordered printed, and when
  printed to be committed to the Committee on Judiciary

AN ACT to amend the uniform commercial code, in relation to  modernizing
  commercial  law in New York state; and to repeal certain provisions of
  such code relating thereto

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section  1. Article 1 of the uniform commercial code is REPEALED and a
new article 1 is added to read as follows:
                                ARTICLE 1
                                 PART 1
                           GENERAL PROVISIONS
SECTION 1--101. SHORT TITLES.
  (A) THIS ACT MAY BE CITED AS THE UNIFORM COMMERCIAL CODE.
  (B) THIS ARTICLE MAY BE CITED AS UNIFORM COMMERCIAL  CODE  --  GENERAL
PROVISIONS.
SECTION 1--102. SCOPE OF ARTICLE.
  THIS  ARTICLE  APPLIES  TO  A  TRANSACTION  TO  THE  EXTENT THAT IT IS
GOVERNED BY ANOTHER ARTICLE OF THIS ACT.
SECTION 1--103. CONSTRUCTION OF UNIFORM COMMERCIAL CODE TO  PROMOTE  ITS
                  PURPOSES  AND  POLICIES; APPLICABILITY OF SUPPLEMENTAL
                  PRINCIPLES OF LAW.
  (A) THIS ACT MUST BE LIBERALLY CONSTRUED AND APPLIED  TO  PROMOTE  ITS
UNDERLYING PURPOSES AND POLICIES, WHICH ARE:
  (1)  TO  SIMPLIFY, CLARIFY, AND MODERNIZE THE LAW GOVERNING COMMERCIAL
TRANSACTIONS;
  (2) TO PERMIT THE CONTINUED EXPANSION OF COMMERCIAL PRACTICES  THROUGH
CUSTOM, USAGE, AND AGREEMENT OF THE PARTIES; AND
  (3) TO MAKE UNIFORM THE LAW AMONG THE VARIOUS JURISDICTIONS.
  (B)  UNLESS  DISPLACED  BY  THE PARTICULAR PROVISIONS OF THIS ACT, THE
PRINCIPLES OF LAW AND EQUITY, INCLUDING THE LAW  MERCHANT  AND  THE  LAW
RELATIVE  TO CAPACITY TO CONTRACT, PRINCIPAL AND AGENT, ESTOPPEL, FRAUD,
MISREPRESENTATION, DURESS,  COERCION,  MISTAKE,  BANKRUPTCY,  AND  OTHER
VALIDATING OR INVALIDATING CAUSE SUPPLEMENT ITS PROVISIONS.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
              

Comments

Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.

Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.

Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.