Introducing Revised Article 9 of the Uniform Commercial Code

On July 1, 2001, a comprehensive revision ("Revision") of Article 9 of the Uniform Commercial Code ("UCC") became effective in Colorado and all but a handful of other jurisdictions.By January 2, 2002, it will be effective in all jurisdictions. 1 A great deal already has been written about revised Article 9, much of it more detailed than this article, and a great deal more will be written as practitioners gain experience with revised Article 9 in operation.This article is intended to be a brief introduction for Colorado lawyers to the issues that are created by revised Article 9.However, this article should not be considered a substitute for more detailed treatments.