Uniform commercial codes, often referred to as UCCs, are important tools for enabling and supporting tribal economic and housing development by improving access to commercial and consumer credit.
A comprehensive and culturally appropriate secured transaction code can assist Tribes, Indian-owned businesses and Indian consumers that are encountering barriers to affordable credit by allowing for business to be transacted more efficiently and cost-effectively with parties located outside of the tribal jurisdiction.
Tribal commercial laws and transaction codes more effectively help achieve the goal of economic development if they are sufficiently similar, or harmonized, with the laws of the states and the Tribes. When adopted and implemented, they can support and strengthen the effective exercise of tribal sovereignty.
The Crow Tribe, located on the Crow Reservation in Montana, is the first Tribe in the nation to enter into a formal UCC filing system agreement under a tribal transactions law within its home jurisdiction, and enact the Model Secured Transaction Act, Revised Article 9.
Sovereign nations in Montana with active agreements: