SENATE BILL 748

Sponsored By:

Senator Middleton

Entitled:

Commercial Law - Uniform Commercial Code - Secured Transactions - Revision

Synopsis:

Altering the circumstances under which a secured party has control of electronic chattel paper; establishing specified rules applicable to collateral to which a security interest attaches within a specified period of time; establishing specified rules applicable to a financing statement naming an original debtor that is filed pursuant to the law of a specified jurisdiction; altering the circumstances under which a specified licensee or buyer of specified collateral takes free of a security interest; etc.

History by Legislative and Calendar Date

Senate Action

2/3

First Reading Finance

2/22

Hearing 3/14 at 1:00 p.m.

4/4

Favorable with Amendments Report by Finance

3/29

Favorable with Amendments {487677/1 Report Adopted

Second Reading Passed with Amendments

3/30

Third Reading Passed (46-0)

House Action

3/31

First Reading House Rules and Executive Nominations

Bill indexed under the following Subjects:

Financial Institutions -see also- Banks; Credit Unions; etc.

Loans -see also- Mortgages

Records -see also- Land Records; Vital Records

Security Interests -see also- Liens; Mechanics' Liens

Uniform Laws

Bill affects the following Statutes:

Commercial Law

( 9-102 , 9-102 , 9-105 , 9-307 , 9-311 , 9-316 , 9-317 , 9-326 , 9-406 , 9-408 , 9-502 , 9-503 , 9-507 , 9-515 , 9-516 , 9-518 , 9-521 , 9-607 , 9-801 through 9-810 )

Documents

Bill Text: First Reading, Third Reading, Enrolled

Fiscal and Policy Note: Available

Amendments:

Senate

Number: 487677/01     Offered on: April 4, 2012   at: 11:37 a.m.     Status: Adopted

Committee Votes :

Senate

Finance

Roll Call Vote (Legislative date is shown):

Senate

March 30, 2012: Third Reading Passed (46-0)