It has been a fairly busy year for Commercial Law in Virginia courts, but not in the legislature. This may not last; there are already legislative efforts underway to extend the coverage of Virginia's Uniform Commercial Code (the "Code") to electronic fund transfers and personal property leasing. If those efforts are successful, the General Assembly will soon have on its hands the considerable task of evaluating the first major overhaul of the Code in a decade.
Michael J. Herbert,
Annual Survey of Virginia Law: Commercial Law,
U. Rich. L. Rev.
Available at: http://scholarship.richmond.edu/lawreview/vol21/iss4/6