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Joseph F. Rice School of Law


Philip T. Lacy

Title: Distinguished Professor Emeritus of Law
Joseph F. Rice School of Law
Phone: 803-777-3359
Fax: 803-777-2368

1525 Senate Street
Columbia, SC 29208


CV [pdf]

Philip T. Lacy


Dean Lacy practiced for two years at the Washington, D.C. firm of Caplin and Drysdale and served for a year as a Visiting Associate Professor of Law at the University of Illinois before joining the South Carolina law faculty in 1975. He served as Associate Dean for Academic Affairs from 1990 to 2006 and has taught courses in Commercial Law, Commercial Paper, Contracts, Creditors’ & Debtors’ Rights, and Legal Research & Writing. Dean Lacy is the author of the Uniform Commercial Code Transaction Guide (with Alces, Hansford & Anzivino), and served as the Reporter for the South Carolina Law Institute’s Committee on Revised Article 9 of the Uniform Commercial Code from August, 1999, through May, 2001, in which capacity he wrote the Committee’s report and the Reporter's Notes that accompanied the codification of the statute. Since the enactment of Revised Article 9 in July, 2001, Dean Lacy has presented a number of continuing legal education programs on the statute. His research interests center on Article 9.


  • LL.B. (1972) University of Virginia
  • B.A. (1969) Duke University


  • Secured Transactions (LAWS 615)


  • “A Comment on Untangling The Safety Net: Protecting Federal Benefits from Freezes, Fees, and Garnishment by Allen C. Myers”, 66 Wash. & Lee L. Rev. 441 (2009).
  • Alces, Hansford, Lacy, Anzivino, Uniform Commercial Code Transactions Guide: Analysis And Forms (Callaghan Co., Deerfield, Illinois, 1988). A four volume treatise on structuring commercial agreements. I authored chapters 2–7, 9, and 10, which appear in Volume 1. These chapters cover Article 2.
  • “Setoff and the Principle of Creditor Equality, 43 S.C. L. Rev. 951 (1992).
  • “Conflicting Security Interests in Inventory and Proceeds Under the Revised Article 9 of the Uniform Commercial Code”, 41 S.C. L. Rev. 247 (1990).
  • Annual Cumulative Supplements, Uniform Commercial Code Transactions Guide: Analysis And Forms, Chapters 2–7, 9, and 10 (1990–1993).
  • “South Carolina’s Statutory Exemptions and Consumer Bankruptcy”, 30 S.C. L. Rev. 643 (1979).

Challenge the conventional. Create the exceptional. No Limits.