New Article 9 of the UCC: The Good, the Bad, and the Ugly
Jean Wegman Burns | 2002 U. Ill. L. Rev.
In 1998, the Drafting Committee of the American Law Institute approved significant changes to Article 9 of the Uniform Commercial Code, which deals with secured transactions. In this light-hearted but thorough and insightful piece, Professor Burns takes us on a journey through new Article 9. The article begins with a discussion of "the good": modifications that made clear improvements to the Code. Next, the article focuses on "the bad": traps for the unwary lying beneath the thicket in new Article 9. Finally, the article points out "the ugly": the seemingly impenetrable provisions of new Article 9 drafted in non-English. In "The Good, the Bad, and the Ugly," Professor Burns provides critical direction and guidance to those forced to navigate the rugged terrain of new Article 9. In addition, there is a healthy dose of good humor, making the journey all the more endurable.
*Professor of Law, Brigham Young University Law School.