UNIFORM COMMERCIAL CODE EMERGES AS LAW OF THE LAND
By 1938 the corporate Federal Government had the true bankruptcy case they had been looking for. The bankruptcy that had been declared back in 1930 could now be upheld and administered. That's why the Supreme Court had to be stacked and made corrupt from within. The new players on the Supreme Court fully understood that they had to destroy all other case law that had been established prior to 1938. The Federal Government had to have a case to destroy all precedent, all appearance, and even the statute of law itself. That is, the Statutes at large had to be perverted. They finally got their case in Erie vs. Thompkins. It was right after that case that the American Law Institute and the National Conference of Commissioners on Uniform State Laws (listed right in the front of the Uniform Commercial Code) began creating the Uniform Commercial Code that is on our backs today. Let us quote directly from the preface of the Official Text of the Uniform Commercial Code 12th Edition:
"The Code was originally approved by its sponsors and the American Bar Association in 1952, and was revised in 1958 to incorporate a number of changes that had been recommended by the New York Law Revision Commission and other agencies. Subsequent amendments that were deemed desirable in light of experience under the Code were approved by the Permanent Editorial Board in 1962 and 1966"
The above named groups and associations of private lawyers got together and started working on the Uniform Commercial Code (UCC). It was somewhere between 1938 and 1940, I don't recall, but by the early 40's and during the war, this committee was working to form the UCC and getting it ready to go on the market. The UCC is the Law Merchant's code for the administration of the bankruptcy. The UCC is now the law of the land as far as the courts are concerned. This Legal Committee of lawyers put everything: Negotiable Instruments, Security, Sales, Contracts, and the whole mess under the UCC. That's where the "Uniform" word comes from. It means it was uniform from state to state as well as being uniform with the District of Columbia.
It doesn't mean you didn't have the uniform instrument laws on the books before this time. It means the laws were not uniform from state to state. By the middle 1960's, every state had passed the UCC into law. The states had no choice but to adopt newly formed Uniform Commercial Code as the Law of the Land. The states fully understood they had to administrate Bankruptcy. Washington D.C. adopted the Uniform Commercial Code in 1963, just six weeks after President John F. Kennedy was killed.