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What does that have to do with a bill of lading needed for goods shipped by sea between states? Which is what the article is about. North Dakota and New Mexico
by eesmith 2y ago
What does that have to do with a bill of lading needed for goods shipped by sea between states? Which is what the article is about.
North Dakota and New Mexico are land-locked. And I don't think U.C.C. applies to interstate commerce.
Edit: https://www.saul.com/insights/alert/digital-assets-and-ucc-article-12-legislative-updates https://www.saul.com/insights/alert/digital-assets-and-ucc-a... says as of 11/29/2023 'thirteen states plus the District of Columbia have adopted the Article 12 amendments' with more in the future, but it seems those only apply to digital assets, not a bill of lading ('A CER excludes any digital assets that are not subject to “control” as well as those that are already subject to other commercial laws')
- walterbell 2y ago> I don't think U.C.C. applies to interstate commerce https://www.uniformlaws.org/acts/ucc https://www.uniformlaws.org/acts/ucc The Uniform Commercial Code (UCC) is a comprehensive set of laws governing all commercial transactions in the United States. It is not a federal law, but a uniformly adopted state law. Uniformity of law is essential in this area for the interstate transaction of business. Because the UCC has been universally adopted, businesses can enter into contracts with confidence that the terms will be enforced in the same way by the courts of every American jurisdiction.
- eesmith 2y agoAhh, and a look at Wikipedia would have told me the same: https://en.wikipedia.org/wiki/Uniform_Commercial_Code#Goals https://en.wikipedia.org/wiki/Uniform_Commercial_Code#Goals It still has nothing to do with blockchain applied to a bill of lading, which was the implication in the linked-to piece.