Important provisions in Article 8 of the Uniform Commercial Code (UCC) contain highly problematic elements that undermine Americans’ individual rights and threaten the stability of the U.S. economy. This Tip Sheet will provide a brief description of those troubling areas of the UCC and propose a set of related concrete policy solutions for lawmakers.

State legislators could ensure that individual investors have priority over security entitlements held by brokerage firms and other securities intermediaries.

Read the full Policy Tip Sheet for additional information.