Propose a change

Title 34.1 Uniform Commercial Code

Write the words of this act the way you think they should read. Solon shows your change as a redline against the published text and pins it to that exact text, so it can never be applied to wording you did not see.

Change 1

What to do with it
As published

34.1-9-329. Priority of security interests in letter-of-credit right.

(a) The following rules govern priority among conflicting security interests in the same letter-of-credit right: (i) A security interest held by a secured party having control of the letter-of-credit right under section 34.1-9-107 has priority to the extent of its control over a conflicting security interest held by a secured party that does not have control; (ii) Security interests perfected by control under section 34.1-9-314 rank according to priority in time of obtaining control.

Your change, as a redline

34.1-9-329. Priority of security interests in letter-of-credit right.

(a) The following rules govern priority among conflicting security interests in the same letter-of-credit right: (i) A security interest held by a secured party having control of the letter-of-credit right under section 34.1-9-107 has priority to the extent of its control over a conflicting security interest held by a secured party that does not have control; (ii) Security interests perfected by control under section 34.1-9-314 rank according to priority in time of obtaining control.

One line that says what changes, such as "Halve the dog tax".

Who it helps, what it costs, what it fixes. It is what persuades people to support it.

A proposal here is not law. Support on Solon is evidence that people want the change; the official route says what it takes to make it law.

Sign in to file your proposal. What you have written stays on this page.

Sign in to file it