Document Type
Article
Publication Date
Summer 2021
Journal
New York University Journal of Law and Business
Volume
17
Issue
3
First Page
709
Last Page
713
Abstract
Secured transactions are governed by Uniform Commercial Code Article 9. UCC Article 9 governs any extension of credit secured by personalty. If you think about it, this statute governs a massive swath of market activity: secured credit facilities, margin trading of securities, asset securitizations, and purchase money transactions for goods, I could name more. But it's a statute that's very wide ranging. Given this expansive scope, blockchain-based transaction platforms have numerous implications for lawyers who deal with secured transactions. In my brief time here, I'm going to identify just two of them.
Recommended Citation
Heather Hughes,
Blockchain & Secured Transactions Proceedings of the 2021 Spring Conference: The Impact of Blockchain on the Practice of Law: Presentation 4,
17
New York University Journal of Law and Business
709
(2021).
Available at:
https://digitalcommons.wcl.american.edu/facsch_lawrev/2103