BILL · 2009–10 SESSION

SB 5155: Uniform commercial code

Revising the Uniform Commercial Code.

Summary

  • Definitions of terms used throughout the UCC are updated to reflect modern means of doing business. Section 1-102 now expressly states that the substantive rules of Article 1 apply only to transactions within the scope of other articles of the UCC. The statute of frauds requirement aimed at transactions beyond the coverage of the UCC has been deleted.

From the Senate Bill Report (Orig.) (SB 5155), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedJan 15, 2009
  2. Out of committeestopped here
  3. Passed Senate
  4. Passed House
  5. Governor
  6. Law
Prime sponsor
Adam Kline (D-37)
Introduced
January 15, 2009 in the Senate
Last action
March 15, 2010
Requested by
Other

AN ACT Relating to the Uniform Commercial Code;

Sponsors

Prime sponsor: Adam Kline (D-37)

1 co-sponsor (1 Democrat, 0 Republicans)

Votes

No recorded floor votes. This measure never reached a floor vote.

History

  1. By resolution, reintroduced and retained in present status.
  2. By resolution, reintroduced and retained in present status.
  3. First reading, referred to Judiciary.

SB 5155 in other sessions

Bill numbers restart every two years, so the same number is a different bill in each session.

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