A Law of Financial Accounts: Modern Payment and Securities Transfer Law
This Article discusses the structure and policies of modern payment and securities transfer law, as epitomized by U.C.C. Articles 4A and part 5 of U.C.C. Article 8. Both bodies of law require tremendous legal clarity and govern highly intermediated systems of accounts. These similar requirements evo...
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| Veröffentlicht in: | The Business lawyer 1998-08, Vol.53 (4), p.1181-1215 |
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| container_title | The Business lawyer |
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| creator | Sommer, Joseph H. |
| description | This Article discusses the structure and policies of modern payment and securities transfer law, as epitomized by U.C.C. Articles 4A and part 5 of U.C.C. Article 8. Both bodies of law require tremendous legal clarity and govern highly intermediated systems of accounts. These similar requirements evoke similar responses: formalism and careful compartmentalization of legal responsibility. The same analytical structure explains most of the distinctive features of these bodies of law: security interests in deposit accounts and security entitlements, enforcement of judgements against accounts, third-party claims, and conflict-of-laws. |
| format | Article |
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| fulltext | fulltext |
| identifier | ISSN: 0007-6899 |
| ispartof | The Business lawyer, 1998-08, Vol.53 (4), p.1181-1215 |
| issn | 0007-6899 2164-1838 |
| language | eng |
| recordid | cdi_proquest_reports_228474056 |
| source | HeinOnline Law Journal Library; JSTOR Archive Collection A-Z Listing |
| subjects | Accounting Article 4A Article 8 Attorneys Balance sheets Bank accounts Bank credit Banks Choice of law Commercial law Court decisions Evaluation Financial intermediation Innovations International law Interpretation and construction Jurisdiction Laws, regulations and rules Negotiable instruments Payment systems Payments Securities law Securities transfers Security interests State court decisions Stock transfers Transfer payments Uniform Commercial Code-US |
| title | A Law of Financial Accounts: Modern Payment and Securities Transfer Law |
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