Update on UCC Article 2B

[Richards Robert <rrichard@stripe.Colorado.EDU>]

Hello:

A report in yesterday's Library Journal Academic Newswire states that the
American Law Institute has decided not to act on the latest draft of UCC
Article 2B at their upcoming annual meeting. AALL's Bob Oakley is quoted
as saying that ALI is unhappy with the draft, and is slowing down the
approval process.

The report also states that the National Conference of Commissioners on
Uniform State Laws has decided to move forward with the draft as a uniform
law apart from the Uniform Commercial Code.  The title of this separate
uniform law will be the "Uniform Computer Information Transactions Act."
Oakley is quoted as saying that states might be more hesistant to adopt
this NCCUSL uniform law without the endorsement of the ALI.

Rob Richards

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                    Robert C. Richards, Jr., M.A., M.S.L.I.S  
        Technical Services Librarian, University of Colorado Law Library  
                       Federal Depository Library 0074-C	
           Fleming Law Building, Kittredge Loop South, Campus Box 402
                         Boulder, Colorado 80309-0402
                 Telephone: (303) 492-2706, Fax: (303) 492-2707
                      E-mail: rrichard@stripe.Colorado.EDU
                    URL: http://alexia.lis.uiuc.edu/~rrichard
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