A new statute governing secured transactions (Revised Article 9 of the Uniform Commercial Code) will become effective nationwide on July 1 of this year. This new statute is broader in coverage than its predecessor. It affects real estate, tort claims, agriculture, and bank accounts in ways that its predecessor did not. As a result, every lawyer needs to learn the basics of Revised Article 9.

This course is the first in a series of two courses designed to give you a basic understanding of the changes made by Revised Article 9. It explores the wider scope of Revised Article 9 and discusses agricultural liens and consignments as well as security interests in bank accounts, health care insurance receivables, letter-of-credit rights and commercial tort claims.