Someone once quipped that “procrastination was the art of keeping up with yesterday.” Well, the new Revision of Article 9 of the Uniform Commercial Code (UCC) became effective in New York and in most other states on July 1, 2001 and is now in effect in all 50 states and the District of Columbia. But July, 2001, is yesterday by now. If you have not kept up with this tectonic change in commercial law, this is not the time for procrastination. For those who need it, this article on the right of redemption under Revised Article 9 will help with the process of catch-up. For those who have already tackled the new statute, it will help sharpen your analysis.
Right of Redemption
