Protecting Private Property Through the Uniform Commercial Code
Questions are now being raised about important laws that have been added to state codes in all 50 states over the past 25 years. These laws were deliberately designed to abrogate private property rights and could in the future be used to harm all Americans who hold investment securities, including those held in IRA and 401(k) accounts. At the state level, the concerning statutes in question are contained within the Uniform Commercial Code (UCC), primarily in Article 8, which deals with securities.
WallBuilders’ Pro-Family Legislative Network (PFLN), and other organizations and leaders, urge state legislators to carefully consider this alarming infringement on private property.
This letter explains our concerns, summarizes the legal aspects of UCC Article 8, and outlines near-term options for state policymakers who want to take action to protect their constituents and their states. Read the full letter for additional information.