Modernizing New York's Commercial Code

Sandra Stern, a partner at Nordquist & Stern who represents New York State on the Uniform Law Commission, writes New York's historic inattention to Uniform Commercial Code modernization has not gone unnoticed, e.g., its inability to enact revisions to Articles 3 and 4 led to the Federal Reserve regulation known as "Check 21," which provides for substitute checks and electronic presentation.

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