This bill amends and repeals provisions of the Uniform Commercial Code.
This bill:
- amends the statutory provisions that guide which jurisdiction's law applies to actions involving a securities intermediary;
- removes exceptions related to priority of creditors over entitlement holders in security interests;
- amends rules relating to the perfection and priority of a security interest; and
- makes technical and conforming changes.

Statutes affected:
Substitute #1: 70A-8-511
Introduced: 70A-8-109, 70A-8-503, 70A-8-511