Since 1892, the Uniform Law Commission has deeply affected the practice of law – especially business law.  Uniform Acts like the Revised Uniform Partnership Act (RUPA) and the Uniform LLC Act are typical examples of the types of frameworks that the ULC typically develops. They are laws that serve as a guide to private transactions and civil liability.  Perhaps the most famous example of this has been the Uniform Commercial Code.

More recently however, the ULC has begun to study, draft, and approve laws that, if adopted, would expand its traditional scope – providing more regulatory and criminal oversight of various issues rather than more commercial transactions.

More after the jump…