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PERMANENT EDITORIAL BOARD ARTICLE 9 STUDY GROUP 1 (DOCUMENT NO. 82 REVISION MATERIALS,October 28, 1992 & November 11, 1992)

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MEMORANDUM TOt
FROM:
DATE:
RE:

P.E.B. Article 9 Study Committee     Vf OCT 3 C 199Z
Steven L. Harris and Charles W. Mooney, Jr.,
Reporters
October 28, 1992
Revised/Blacklined Sections of the Report -
Second Installment

Enclosed are revised versions of the following, each marked
to reflect changes from Document 82:

Section 15 -

Section
Section
Section
Section
Section
Section

17 -
22 -
23 -
24 -
25 -
26 -

Section 27 -
Section 30 -
Section 31 -
Section 36 -

Proceeds (changed pages only; Recommendations H.,
I., and J., and related commentary not included).
Post-Closing Events (changed pages only).
Goods Subject to a Certificate of Title Statute
(changed pages only).
Non-assignable Contracts, Permits, and Licenses.
Issues in Agricultural Financing (changed page
only) .
Consignments (changed pages only).
Buyers in Ordinary Course of Business (changed
pages only).
Financing Buyers and Non-Lease Bailments
(changed page only).
Duties to Competing Secured Parties and
Lienholders By a Secured Party Who Disposes Of or
Makes Collections on Collateral (changed pages
only).
Duties Owed to Sureties By a Secured Party Who
Disposes Of or Makes Collections on Collateral
(changed page only).
Good Faith and the Relationship Between S 1-203
and Article 9 (changed page only).

We also have revised Sections 29 (waiver and variance of
Part 5 rights and duties), 32 (standards for reasonable
notification of disposition), and 33 (redemption rights).
However, the changes to those sections are not substantive (e.g.,
style, cross-references, etc.). We have not blacklined the

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