On July 1st, Governor Patrick signed into law “An
Act making amendments to the uniform commercial code covering general
provisions, documents of title and secured transactions.” These updates include the
2010 Amendments to UCC Article 9, Revised Articles 1 and 7, and a number of
other amendments to UCC sections.
The UCC was first enacted in Massachusetts in 1958, and it has been more than
10 years since any material changes have been made to the UCC. The BBA
appreciates the contributions and leadership of Uniform Law Commissioner Ed
Smith (Bingham McCutchen) who is responsible for drafting these
important revisions and for getting them enacted in Massachusetts before the
July 1st deadline.