UCC Full Form

What is the full form of UCC?

UCC Full Form - UCC stands for Uniform Civil Code (India). It is a set of laws that governs all the transactions. It was established in 1953 as it was becoming difficult to transact business across the states for the companies. It is important as it helps the companies to transact their business in different states by providing a legal and standard framework. These laws are adopted by most of the states in the US and there are nine different articles made in UCC because of variations from state to state.

This Story also Contains

1. What is the full form of UCC?
2. History of Uniform Civil Code
3. How does Uniform Civil Code work?
4. List of Articles under Uniform Civil Code
5. What is UCC (Uniform Civil Code)?
6. Need of Uniform Civil Code

These articles govern various sets of transactions like banking, loans, etc. It is a uniformly adopted state law. These laws are essential in interstate business transactions. As the UCC was universally adopted, businesses can enter into contracts without any fear.

History of Uniform Civil Code

The Uniform Law Commission (ULC) was established in the year 1892. ULC is also called the National Conference of Commissioners on Uniform State Laws (NCCUSL). After this many laws were established by the organizations until the 1950s. In 1940, the ULC worked on the task of drafting a code to provide guidelines for all the financial transactions. And UCC was presented to the states in 1951, and in 1953 it was adopted by Pennsylvania and also other states. The UCC is the longest and most elaborate of the Uniform laws.

How does Uniform Civil Code work?

UCC laws govern and regulate various transactions and sales of personal property. The policies made by the UCC are largely focused on the small entrepreneurs and businesses. If a person purchased a bike some years ago then he needs to sign a UCC statement and the title is on the lender's name until the loan is paid. It also deals with the properties secured by the banks. Though UCC governs all the transactions related to personal property, it doesn’t deal with the real property like land or any land related properties. The UCC imposes standards for the processing of checks and the other transactions.

List of Articles under Uniform Civil Code

Article 1- Article 1 deals with the general provisions. It provides certain rules and parameters of how the UCC works.

Article 2- Article 2 is the sales of goods excluding service contracts and real estate projects. It also has article 2a which deals with the leases of personal property.

Article 3- It deals with drafts and negotiable products such as the notes. Article 3 has its roots in the National instrumental law which was approved by the National Conference of Commissioners on Uniform State Laws.

Article 4- It is based on bank deposits and collections. It governs and provides rules for inter related transactions and Processing of checks.

Article 5- Article 5 is the Letters of Credit, which are issued by the bank for facilitation of trade. These letters are issued by the banks or other financial institutions to facilitate the trade. It was updated in the year 1995, to deal with the modern technologies and business practices.

Article 6- It governs bulk sales. The original version of this was replaced by the revised version and almost every state followed this recommendation.

Article 7- Article 7 is the document of title. These documents include various receipts, bills of lading and bulk sales.

Article 8- This article governs investment securities. It is the responsibility of the UCC to hold the securities through intermediaries. It specifies the mechanism by which the securities are recorded.

Article 9- Article 9 is the last article in UCC and deals with the secured transactions in personal property. According to this article each state maintains the office for filing statements in secured interests of personal property.

What is UCC (Uniform Civil Code)?

Uniform Civil Code is mentioned under part 4, article 44 of the Indian Constitution. The main aim of this is to establish a single national law that applies to all the faith communities in matters of personal concern. In India, it replaces the existing religious personal laws and has a uniform law that is applicable to all citizens irrespective of their religion, gender, or age. It states that all sections of society are treated equally irrespective of their religion according to the national civil code. Dr. B. R. Ambedkar brought this into action to replace personal laws followed by the people of different religions.

Need of Uniform Civil Code

UCC brings India together as a country since people from all parts of the country follow different practices. The main aim of UCC is to integrate India. UCC covers all the areas such as marriage, maintenance, divorce, inheritance and adoption. As most of the personal laws are based on different communities depending on their religious books, so it is used to unite all the citizens irrespective of their sex and religion. UCC is a common law regardless of the community to which one belongs along with the faith being practiced.