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  • Introduced
    Apr 20, 2023
  • Passed House
    May 09, 2023
  • Passed Senate
    Jun 01, 2023
  • Signed into Law
    Jun 01, 2023
HB 348
Alabama House Bill
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Relating to the Uniform Commercial Code; to add Article 12 to the Uniform Commercial Code to govern the property rights of certain intangible digital assets (controllable electronic records), including electronic rights to payment, to provide for a manner to establish the transfer and control of those assets, to provide a mechanism for evidencing certain rights of payment, and to adopt special rules with regard to the payment obligations and conditions of discharge of account debtors on controllable accounts and controllable payment intangibles; to amend Sections 7-1-201, 7-1-204, 7-1-301, 7-1-306, 7-2-102, 7-2-106, 7-2-201, 7-2-202, 7-2-203, 7-2-205, 7-2-209, 7-2A-102, 7-2A-103, 7-2A-107, 7-2A-201, 7-2A-202, 7-2A-203, 7-2A-205, 7-2A-208, 7-3-104, 7-3-105, 7-3-401, 7-3-604, 7-4A-103, 7-4A-201, 7-4A-202, 7-4A-203, 7-4A-207, 7-4A-208, 7-4A-210, 7-4A-211, 7-4A-305, 7-5-104, 7-5-116, 7-7-102, 7-7-106, 7-8-102, 7-8-103, 7-8-106, 7-8-110, 7-8-303, 7-9A-102, 7-9A-104, 7-9A-105, 7-9A-203, 7-9A-204, 7-9A-207, 7-9A-208, 7-9A-209, 7-9A-210, 7-9A-301, 7-9A-304, 7-9A-305, 7-9A-310, 7-9A-312, 7-9A-313, 7-9A-314, 7-9A-316, 7-9A-317, 7-9A-323, 7-9A-324, 7-9A-330, 7-9A-331, 7-9A-332, 7-9A-334, 7-9A-341, 7-9A-404, 7-9A-406, 7-9A-408, 7-9A-509, 7-9A-513, 7-9A-601, 7-9A-605, 7-9A-608, 7-9A-611, 7-9A-613, 7-9A-614, 7-9A-615, 7-9A-616, 7-9A-619, 7-9A-620, 7-9A-621, 7-9A-624, and 7-9A-628, Code of Alabama 1975, and to add Sections 7-9A-107A, 7-9A-107B, 7-9A-306A, 7-9A-306B, 7-9A-314A, and 7-9A-326A to the Code of Alabama 1975, to provide a substantial revision to the Uniform Commercial Code in conformity with a substantial portion of the Uniform Commercial Code Amendments (2022), to clarify the meaning of the term chattel paper and other definitions, to define and provide for hybrid transactions, and to provide extensive amendments to the Uniform Commercial Code providing for the perfection of security interests in controllable electronic records, documents of title, chattel paper, and ot
Last Action See all actions
executive • Jun 01, 2023: Enacted

Official Summary/Bill Text

Comments on HB 348

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Actions
  • Jun 01, 2023 | executive
    • Enacted
  • Jun 01, 2023 | House
    • Enrolled
  • Jun 01, 2023 | Senate
    • On Third Reading in Second House
    • Read a Third Time and Pass
    • Ready to Enroll
  • May 24, 2023 | Senate
    • Reported Favorably (Judiciary)
    • Reported Out of Committee in Second House
    • Read Second Time in Second House
  • May 11, 2023 | Senate
    • Referred to Committee (Judiciary)
  • May 11, 2023 | House
    • Read First Time in Second House
  • May 09, 2023 | House
    • On Third Reading in House of Origin
    • Adopt L9TGYA-1
    • Read a Third Time and Pass as Amended
  • May 09, 2023 | legislature
    • BIR748 for HB348, Passed by House of Origin
  • May 03, 2023 | House
    • AMD/SUB L9TGYA-1 (Judiciary)
    • Reported Favorably (Judiciary)
    • Reported Out of Committee in House of Origin
    • Read Second Time in House of Origin
  • May 01, 2023 | House
    • AMD/SUB WFS1E9-1 (Judiciary)
  • Apr 20, 2023 | House
    • Read First Time in House of Origin
    • Introduced and Referred (Judiciary)