Tennessee Adopts Uniform Commercial Code Amendments
This law updates Tennessee's commercial code by incorporating amendments adopted by the Uniform Law Commission in 2018 and 2022. Before this change, Tennessee's commercial laws were based on older versions of the Uniform Commercial Code. The new amendments affect businesses involved in sales, leases, negotiable instruments, bank deposits, collections, letters of credit, investment securities, and secured transactions. Businesses operating under these areas should review the updated code to ensure compliance with any changes. The effective date is not specified.
The previous version of Tennessee's commercial code was based on older amendments to the Uniform Commercial Code.
This law updates Tennessee's commercial code by incorporating amendments adopted by the Uniform Law Commission in 2018 and 2022. Before this change, Tennessee's commercial laws were based on older versions of the Uniform Commercial Code. The new amendments affect businesses involved in sales, leases, negotiable instruments, bank deposits, collections, letters of credit, investment securities, and secured transactions. Businesses operating under these areas should review the updated code to ensure compliance with any changes. The effective date is not specified.