structural:expansion, information:filtering, linguistic:paraphrasing, information:classification, structural:scholar_edition
International influence

Certain portions of the UCC have been highly influential outside of the United States. Article 2 had some influence on the drafting of the United Nations Convention on Contracts for the International Sale of Goods (CISG), though the result departed from the UCC in many respects (such as refusing to adopt the mailbox rule). Article 5, governing letters of credit, has been influential in international trade finance simply because so many major financial institutions operate in New York. Article 9, which established a unified framework for security interests in personal property, directly inspired the enactment of Personal Property Security Acts in every Canadian province and territory except Quebec from 1990 onwards. This was followed by New Zealand 's Personal Property Securities Act 1999 and the Australian Personal Property Securities Act of 2009.