Morgan Pottinger McGarvey's Uniform Commercial Code attorneys, understand the significance of the UCC to our business and banking clients. MPM maintains a UCC library that is perhaps the most comprehensive in Kentucky.

Kentucky Uniform Commercial Code Attorneys

Since the UCC was adopted in Kentucky, our attorneys have overseen the process through which the UCC has been updated and revised. John McGarvey, one of our shareholders, serves on the American Bar Association's UCC Committee and has chaired the Kentucky UCC drafting committee. In addition, John has testified as an expert witness on UCC matters and has trained and taught individuals about UCC laws at national and local seminars.

The UCC laws affect most, if not all, businesses, including financial institutions, lenders, mortgage companies, finance companies, retailers, wholesalers, distributors, suppliers, shipping companies, and other companies purchasing or selling goods and services. We are equipped to handle all UCC issues that arise, including the following:

• UCC Article 2 - Sales
• UCC Article 2A - Leases
• UCC Article 3 - Commercial Paper
• UCC Article 4 - Bank Deposits
• UCC Article 4A - Funds Transfers

• UCC Article 5 - Letters of Credit
• UCC Article 7 - Warehouse Receipts, Bills of Lading, and Other Documents of Title
• UCC Article 8 - Investment Securities
• UCC Article 9 - Secured Transactions

Most UCC matters we handle on behalf of clients involve UCC Article 2 (including risk of loss issues, delivery issues, breach of warranty issues, and purchase and sale agreements), UCC Articles 3 and 4 (including midnight deadline and presentment issues, payment systems, stop payment issues, and presentment and transfer warranties), UCC Article 5 (letter of credit issues), and UCC Article 9 (including perfecting security interests and priority disputes).