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Re:UCC 10-104
Hi all,
I've been wondering how 10-104 fits in to the scheme of things as well.& I am currently using an outside company to discharge some cc debt (did not know CTC even existed when I began this process!), but they use it in the following sentence: "I request you to waive all fees, fines, costs, and charges in accordence with Public Policy under HJR 192 of June 5 1933 and UCC 10-104..."
The only 10-104 I find is titled "Laws not Repealed" and states "[(1)] The Article on Documents of Title (Article 7) does not repeal or modify any laws prescribing the form or contents of documents of title or the services or facilities to be afforded by bailees, or otherwise regulating bailees' businesses in respects not specifically dealt with berein; but the fact that such laws are violated does not affect the status of a document of title which otherwise complies with the definition of a document of title (Section 1-201). As amended in 1962 and 1994." There is also a comment following it.
Also, it is very important to look up the definition of document of title under UCC 1-201(15) to understand what&one can be - it may be rather enlightening!
I still don't fully grasp how it all fits together though. I'm trying to play around with it in my mind that the document of title (birth certificate?) loacted somewhere in the Dept. of Commerce (warehouse/bailee?) is used as some type of financing instrument/statement in the US Bankruptcy, with which I (human self) am not a party to. Am I correct in this guess?
Any help in figuring this out is greatly appreciated.
Sampson: The UCC you speak of must be your State's own adoption/creation and not applicable to residents outside your State.
Cheers.
-Squirrels
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