Determination Regarding State Statutes Adopting Revised Article 9 of the Uniform Commercial Code; Determination Regarding Rhode Island
other · Fiscal Service · Rule · Published 2001-06-26 · 66 FR 33832
Document
Document number
01-15985
Federal Register citation
66 FR 33832
CFR reference
31 CFR 357
Type
Rule
Action
Determination of substantially identical state statute.
Category
other
Sub-agency
Fiscal Service
Publication date
2001-06-26
Treasury docket
Department of the Treasury Circular, Public Debt Series, No. 2-86
Abstract
A number of states have recently enacted laws adopting Revised Article 9 of the Uniform Commercial Code--Secured Transactions ("Revised Article 9"), which contains amendments to Revised Article 8 of the Uniform Commercial Code--Investment Securities ("Revised Article 8"). Treasury is confirming that for states for which it has previously published a determination that their statutes were "substantially identical" to the uniform version of Revised Article 8 for purposes of interpreting the rules in 31 CFR Part 357, Subpart B (the "TRADES regulations"), such determination is not affected by a State's adoption of amendments in Revised Article 9. Treasury has also reviewed Rhode Island's enactment of Revised Article 8 and has determined that it is "substantially identical" to the uniform version of Revised Article 8 for purposes of the TRADES regulations.