Secured Transactions

The Electricity Sector Heats Up. But Is Electricity a 'Good' Under Article 9?

, New York Law Journal

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In her Secured Transactions column, Barbara M. Goodstein writes: The nature of electricity as an asset under the UCC will undoubtedly become more of an issue over time. Overall, most courts considering the issue have held electricity to constitute "goods," although the bankruptcy cases continue to be divided. New York courts are the sole outlier in non-bankruptcy cases.

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