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Bankruptcy attorneys and others whose practice involves secured interests are bracing for a seismic shift that will make "best practices" seem like a minor tremor. A wholesale revision of Article 9 of the Uniform Commercial Code will likely take effect on July 1, with 28 states having already enacted the revised Article 9, and 14 others, including New Jersey, on their way to doing so.
February 20, 2001 at 12:00 AM
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The original version of this story was published on Law.Com
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