summary
Introduced
05/15/2018
05/15/2018
In Committee
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
132nd General Assembly
Bill Summary
To amend sections 1306.01, 1306.04, and 1306.06 of the Revised Code to amend the Uniform Electronic Transactions Act to define records and contracts secured by blockchain technology as electronic records and to allow the use of smart contract terms.
AI Summary
This bill amends the Uniform Electronic Transactions Act in Ohio to define records and contracts secured by blockchain technology as electronic records, and to allow the use of smart contract terms. It also clarifies that a person retains the same rights of ownership or use with respect to information they have secured using blockchain technology, except in cases where the transaction terms expressly provide for the transfer of those rights.
Committee Categories
Business and Industry
Sponsors (3)
Last Action
Refer to Committee: Insurance and Financial Institutions (on 05/23/2018)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.legislature.ohio.gov/legislation/legislation-summary?id=GA132-SB-300 |
| Bill | http://search-prod.lis.state.oh.us/solarapi/v1/general_assembly_132/bills/sb300/IN/00?format=pdf |
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