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PEB Commentary No. 22: Status of a Disposition under Section 9-610 of the Uniform Commercial Code if the Transferee Does Not Act in Good Faith 1 (August 24, 2020)

handle is hein.ali/alicc0360 and id is 1 raw text is: PEB COMMENTARY NO. 22 STATUS OF A DISPOSITION UNDER SECTION 9-610 OF THE UNIFORM COMMERCIAL CODE IF THE TRANSFEREE DOES NOT ACT IN GOOD FAITH (August 24, 2020) By the Permanent Editorial Board for the Uniform Commercial Code* PREFACE TO PEB COMMENTARY The Permanent Editorial Board for the Uniform Commercial Code acts under the authority of the American Law Institute and the Uniform Law Commission (also known as the National Conference of Commissioners on Uniform State Laws). In March 1987, the Permanent Editorial Board resolved to issue from time to time supplementary commentary on the Uniform Commercial Code to be known as PEB Commentary. These PEB Commentaries seek to further the underlying policies of the Uniform Commercial Code by affording guidance in interpreting and resolving issues raised by the Uniform Commercial Code and/or the Official Comments. The Resolution states that: A PEB Commentary should come within one or more of the following specific purposes, which should be made apparent at the inception of the Commentary: (1) to resolve an ambiguity in the Uniform Commercial Code by restating more clearly what the PEB considers to be the legal rule; (2) to state a preferred resolution of an issue on which judicial opinion or scholarly writing diverges; (3) to elaborate on the application of the Uniform Commercial Code where the statute and/or the Official Comment leaves doubt as to inclusion or exclusion of, or application to, particular circumstances or transactions; (4) consistent with U.C.C. § 1-102(2)(b),t to apply the principles of the Uniform Commercial Code to new or changed circumstances; (5) to clarify or elaborate upon the operation of the Uniform Commercial Code as it relates to other statutes (such as the Bankruptcy Code and various federal and state consumer protection statutes) and general principles of law and equity pursuant to U.C.C. § 1-103;1 or (6) to otherwise improve the operation of the Uniform Commercial Code. For more information about the Permanent Editorial Board for the Uniform Commercial Code, visit www.ali.ora or www.uniformlaws.org. * © 2020 by The American Law Institute and the National Conference of Commissioners on Uniform State Laws. t Current U.C.C. § 1-103(a)(2). $ Current U.C.C. § 1-103(b).

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