Part One of a Two-Part Article
Delaware recently became the sixth state to enact the Uniform Law Commission’s (ULC) Uniform Assignment for the Benefit of Creditors Act (Uniform Act), with minor modifications (the Delaware Act).
Delaware Enacts Uniform Assignment for the Benefit of Creditors Act with Minor Modifications
Delaware recently became the sixth state to enact the Uniform Law Commission’s Uniform Act, with minor modifications (the Delaware Act). This two-part article describes the innovations, certainty and paradigm provided by the Uniform Act and Delaware’s revisions to the Uniform Act. Part One includes background regarding assignments for the benefit of creditors, including historical shortcomings that the Uniform Act is intended to address.
By
Russell C. Silberglied and James F. McCauley
Delaware recently became the sixth state to enact the Uniform Law Commission’s (ULC) Uniform Assignment for the Benefit of Creditors Act (Uniform Act), with minor modifications (the Delaware Act).
This premium content is locked for The Bankruptcy Strategist subscribers only
ENJOY UNLIMITED ACCESS TO THE SINGLE SOURCE OF OBJECTIVE LEGAL ANALYSIS, PRACTICAL INSIGHTS, AND NEWS IN The Bankruptcy Strategist
- Stay current on the latest information, rulings, regulations, and trends
- Includes practical, must-have information on copyrights, royalties, AI, and more
- Tap into expert guidance from top entertainment lawyers and experts
Already have an account? Sign In Now
For enterprise-wide or corporate access, please contact Customer Service at [email protected] or call 1-877-256-2473.
