NEW BANKING CODE DISTURBS INDUSTRY; Uniform Commercial Laws, Enacted in Pennsylvania, Before 8 Other States
Bankers oppose Uniform Commercial Code Sponsored by Amer Law Inst and Natl Conf of Comrs on Uniform State Laws; code would repeal present laws regulating negotiable instruments and substitute 1 code; passed by Penna and being weighed in 8 other states; bankers urge gradual revision