Bill

Bill > SB95


CA SB95

CA SB95
Commercial transactions.


summary

Introduced
01/18/2023
In Committee
06/06/2023
Crossed Over
05/22/2023
Passed
08/31/2023
Dead
Signed/Enacted/Adopted
09/22/2023

Introduced Session

2023-2024 Session

Bill Summary

An act to amend Sections 1201, 1204, 1301, 1306, 2102, 2106, 2201, 2202, 2205, 2209, 3104, 3105, 3401, 3604, 5104, 5116, 7102, 7106, 8102, 8103, 8106, 8110, 8303, 9102, 9104, 9105, 9203, 9204, 9207, 9208, 9209, 9210, 9301, 9304, 9305, 9310, 9312, 9313, 9314, 9316, 9317, 9323, 9324, 9330, 9331, 9332, 9334, 9341, 9404, 9406, 9408, 9509, 9513, 9601, 9605, 9608, 9611, 9613, 9614, 9615, 9616, 9619, 9620, 9621, 9624, 9628, 10102, 10103, 10107, 10201, 10202, 10205, 10208, 11103, 11201, 11202, 11203, 11207, 11208, 11210, 11211, and 11305 of, to add Sections 9105.1, 9107.1, 9107.2, 9306.1, 9306.2, 9314.1, and 9326.1 to, and to add Division 12 (commencing with Section 12101) and Division 17 (commencing with Section 17101) to, the Commercial Code, relating to commercial transactions.

AI Summary

This bill revises the provisions of the Commercial Code generally in accordance with the 2022 Amendments to the Uniform Commercial Code proposed by the National Conference of Commissioners on Uniform State Laws. Specifically, it adds provisions governing control of and rights to electronic money, controllable electronic records, controllable accounts, and controllable payment intangibles. The bill also makes changes to the valid signing of records and various other conforming changes.

Committee Categories

Justice

Sponsors (1)

Last Action

Chaptered by Secretary of State. Chapter 210, Statutes of 2023. (on 09/22/2023)

Taxonomy

Banking, Finance, and Domestic Commerce
  • ‐ Banking System and Financial Institution Regulation and Reform
  • ‐ General Banking, Finance, and Domestic Commerce
  • ‐ Securities and Commodities Regulation

bill text


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