UCC

S.E.A. 468, P.L. 199 Effective: July 1, 2023 Read the bill at: https://iga.in.gov/legislative/2023/bills/senate/468 … [Read more...] about Uniform Commercial Code amendments

The Senate Judiciary Committee heard SB 468 authored by Sen. Garten, Sen. Koch, and Sen. Taylor on uniform commercial code amendments. The bill incorporates into Indiana’s Uniform Commercial Code (UCC) the amendments to the 2022 Uniform Commercial Code approved and recommended for enactment in all states to address emerging technologies.  The bill makes amendments to t … [Read more...] about Uniform Commercial Code amendments

S.E.A. 351, P.L. 110 Effective: July 1, 2022 Adds a new chapter to the Uniform Commercial Code (UCC) that governs transactions involving controllable electronic records and that does the following:Defines "controllable electronic records". Establishes the following: (A) The extent to which a purchaser acquires rights and interests in controllable electronic records. (B) … [Read more...] about Controllable electronic records

The House Judiciary Committee heard SB 351 on controllable electronic records sponsored by Rep. Teshka and authored by Sen. Garten. The bill, as explained by the author, permits Indiana to regulate virtual currency and digital products. It allows banks to take virtual currency as collateral, permits the Indiana Attorney General to make rules about unclaimed property in this area, … [Read more...] about Controllable electronic records

The Senate Judiciary Committee heard SB 351 on virtual currency authored by Sen. Garten and Sen. Busch. This bill adds a new chapter to the Uniform Commercial Code (UCC) that governs transactions involving virtual currency and does the following: defines "virtual currency" establishes the extent to which a purchaser acquires rights and interests in virtual currency, the … [Read more...] about Virtual currency