House Bill No. 6854 House Bill No. 6854 PUBLIC ACT NO. 93-107 AN ACT REPEALING ARTICLE 6 OF THE UNIFORM COMMERCIAL CODE CONCERNING BULK TRANSFERS. Section 1. Section 42a-1-105 of the general statutes is repealed and the following is substituted in lieu thereof: (1) Except as provided hereafter in this section, when a transaction bears a reasonable relation to this state and also to another state or nation the parties may agree that the law either of this state or of such other state or nation shall govern their rights and duties. Failing such agreement this title applies to transactions bearing an appropriate relation to this state. (2) Where one of the following provisions of this title specifies the applicable law, that provision governs and a contrary agreement is effective only to the extent permitted by the law, including the conflict of laws rules, so specified: Rights of creditors against sold goods. Section 42a-2-402. Applicability of the article on bank deposits and collections. Section 42a-4-102. Governing law in the article on funds transfers. Section 42a-4A-507. [Bulk transfers subject to the article on bulk transfers. Section 42a-6-102.] Applicability of the article on investment securities. Section 42a-8-106. Perfection provisions of the article on secured transactions. Section 42a-9-103a. Sec. 2. Section 42a-2-403 of the general statutes is repealed and the following is substituted in lieu thereof: (1) A purchaser of goods acquires all title which his transferor had or had power to transfer except that a purchaser of a limited interest acquires rights only to the extent of the interest purchased. A person with voidable title has power to transfer a good title to a good faith purchaser for value. When goods have been delivered under a transaction of purchase the purchaser has such power even though (a) the transferor was deceived as to the identity of the purchaser, or (b) the delivery was in exchange for a check which is later dishonored, or (c) it was agreed that the transaction was to be a "cash sale," or (d) the delivery was procured through fraud punishable as larcenous under the criminal law. (2) Any entrusting of possession of goods to a merchant who deals in goods of that kind gives him power to transfer all rights of the entruster to a buyer in ordinary course of business. (3) "Entrusting" includes any delivery and any acquiescence in retention of possession regardless of any condition expressed between the parties to the delivery or acquiescence and regardless of whether the procurement of the entrusting or the possessor's disposition of the goods have been such as to be larcenous under the criminal law. (4) The rights of other purchasers of goods and of lien creditors are governed by articles [6,] 7 and 9. Sec. 3. (NEW) Rights and obligations that arose under sections 42a-6-101 to 42a-6-110a, inclusive, and section 42a-9-111 of the general statutes before their repeal on the effective date of this act remain valid and may be enforced as though those sections had not been repealed. Sec. 4. Sections 42-170, 42a-6-101 to 42a-6-110a, inclusive, and 42a-9-111 of the general statutes are repealed.