SB3993 - Tennessee - Uniform Commercial Code

Companion Bill HB3949. Uniform Commercial Code - Revises Article 1 of the Uniform Commercial Code. - Amends TCA Title 47. Fiscal Summary for *SB3993 / HB3949MINIMAL Bill Summary for *SB3993 / HB3949 This bill revises the Tennessee version of the Uniform Commercial Code (UCC) dealing with general provisions (Article 1). Most of the changes are of a technical, non-substantive nature. The more significant of the changes are described below. This bill clarifies that the substantive rules of Article 1 apply only to transactions within the scope of other articles of the UCC. Present law requires that an agreement be in writing and be signed by the party seeking enforcement in specified contracts for the sale of goods, securities, or security agreements. Present law also requires that a contract for the sale of personal property that [...]

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