Bill
Bill > AB231
summary
Introduced
03/02/2023
03/02/2023
In Committee
05/23/2023
05/23/2023
Crossed Over
04/21/2023
04/21/2023
Passed
05/31/2023
05/31/2023
Dead
Signed/Enacted/Adopted
06/16/2023
06/16/2023
Introduced Session
82nd Legislature (2023)
Bill Summary
AN ACT relating to the Uniform Commercial Code; enacting the 2022 amendments to the Uniform Commercial Code; enacting the 2018 amendments to Article 9 of the Code; and providing other matters properly relating thereto.
AI Summary
This bill enacts the 2022 amendments to the Uniform Commercial Code, which: (1) adds Article 12 governing controllable electronic records; and (2) makes various changes to Articles 1, 2, 3, 5, 7, 8, 9, 2A and 4A of the Code. Sections 75 and 76 of this bill also enact the 2018 amendments to Article 9 of the Code. The bill defines key terms related to controllable electronic records, establishes rules for transactions involving these records, and makes conforming changes to other UCC articles to account for the new rules. The bill also revises various other provisions across the UCC, such as the definitions of "sign" and "money", to allow for electronic records and digital currencies. Overall, the bill updates the UCC to address emerging technologies and commercial practices.
Committee Categories
Justice
Sponsors (1)
Last Action
Chapter 505. (Effective October 1, 2023) (on 06/16/2023)
Official Document
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.leg.state.nv.us/App/NELIS/REL/82nd2023/Bill/9974/Overview |
| BillText | https://www.leg.state.nv.us/Session/82nd2023/Bills/AB/AB231_EN.pdf |
| BillText | https://www.leg.state.nv.us/Session/82nd2023/Bills/AB/AB231_R2.pdf |
| Senate Amendment 666 | https://www.leg.state.nv.us/Session/82nd2023/Bills/Amendments/A_AB231_R1_666.pdf |
| BillText | https://www.leg.state.nv.us/Session/82nd2023/Bills/AB/AB231_R1.pdf |
| Amendment 54 | https://www.leg.state.nv.us/Session/82nd2023/Bills/Amendments/A_AB231_54.pdf |
| BillText | https://www.leg.state.nv.us/Session/82nd2023/Bills/AB/AB231.pdf |
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