Tag Archives: Uniform

California's New Uniform Trust Decanting Act

Last year, California enacted a uniform trust decanting law under Chapter 407 of the California Statutes. The new law allows "a fiduciary of an irrevocable trust may distribute the property of a first trust to one or more 2nd trusts… … Continue reading

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It’s only natural that we state this: Arkansas goes Uniform Bar Exam

When we last checked in on the march toward full adoption of the Uniform Bar Exam, it took root in Texas. The expansion is once again a traveler, moving northeast to Arkansas, which adopted the UBE this week. Unlike Texas, … Continue reading

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New Jersey is second state to propose uniform fiduciary standard

By Jay Fishman, J.D. New Jersey is the second state after Nevada to propose a uniform fiduciary standard for broker-dealers and investment advisers. Although pre-proposal commenters advised the New Jersey Securities Bureau to wait on the rulemaking until the SEC … Continue reading

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Union Tank v. NuDevco Partners — Lease Guaranty Agreement Not Covered by the UCC Appellate Court Rules — Chicago Uniform Commercial Code Attorneys Near Oak Brook

When a holding company guaranteed lease that a subsidiary assumed for railcars, and then failed to honor guaranty when subsidiary defaulted on the lease, judgment in favor of railcar supplier was affirmed. The appellate panel found that the holding company’s … Continue reading

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It’s official—Texas adopts the Uniform Bar Exam

Ah, Bar Exam season. It’s here again, as the February edition of the test will be administered at the end of the month. Most prospective lawyers get the two-day test on Feb. 26-27. For some long-forgotten reason (we assume), Louisiana … Continue reading

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