New York's Proposed UCC Amendments: Will New York pass legislative amendments to bring its Uniform Commercial Code in line with the rest of the country? (PDF)
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New York's Antiquated UCC: In June 2013 legislation was proposed that would modernize New York's UCC, making a wholesale modification of Articles 3 and 4 governing negotiable instruments and bank procedures. The proposed changes reflect revisions promulgated by the Uniform Law Commission that have been adopted by every state other than New York.
Acknowledgement: The authors recognize the contributions of Nicole C. Barna and M. Elias Berman, members of the litigation group in the authors' firm of Olshan Frome Wolosky LLP, New York City.
Kyle C. Bisceglie is a partner with Olshan Frome Wolosky LLP in New York City and represents domestic and foreign corporations, partnerships and individuals in complex commercial and financial litigation, arbitration and counseling. He graduated magna cum laude from Seton Hall University School of Law in 1992 and cum laude from Kalamazoo College in 1989. Mr. Bisceglie is a co-author (with Ellen V. Holloman, Herbert C. Ross and Thomas J. Fleming) of New York Commercial Litigation Guide (LexisNexis). He is also the author of LexisNexis Practice Guide: New York e-Discovery and Evidence.
Thomas J. Fleming is a partner in Olshan Frome Wolosky LLP in New York City. Mr. Fleming is a trial attorney with extensive experience in corporate and securities matters. He graduated from New York University School of Law cum laude in 1978 and Brandeis University summa cum laude in 1975, where he was designated a Louis Dembitz Brandeis Scholar. Mr. Fleming is a co-author (with Kyle C. Bisceglie, Ellen V. Holloman and Herbert C. Ross) of New York Commercial Litigation Guide (LexisNexis).
Lori Marks-Esterman is a partner in Olshan Frome Wolosky LLP in New York City. As a litigation attorney, she represents publicly held and private companies and individuals in commercial litigation matters. She graduated with honors from George Washington Law School in 1998, and from Binghamton University magna cum laude in 1995.
For more information about the authors and their law firm, please visit www.olshanlaw.com.
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