The Uniform Commercial Code, the codification of the “law merchant,” is one of the greatest – if not the greatest – product of twentieth-century legal reformers. And no one played a more important role in the creation and eventual passage of the UCC than the unlikely husband-and-wife team of Karl Llewellyn and Soia Mentschikoff. Together, this superb intellectual team drafted a code that was designed to create rules that reflect what is actually happening in the marketplace, a single unified statute that merchants could live with and depend upon.
Llewellyn was the chief reporter for the overall code and the reporter for Article 2, the section on sales. Mentschikoff was the reporter for Article 9, the section on securities. For them, it was the project of a lifetime: Llewellyn began drafting the code in the 1930s, reaching the final drafting stages in the late 1940s and early 1950s. The adoption of the code by states began in 1950s, but continued into the 1980s, long after Llewellyn’s death.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
