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- Subject Index: Since 1995
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2000 SESSION
HB 1204 Uniform Commercial Code; Secured Transactions.
Introduced by: Clifton A. (Chip) Woodrum | all patrons ... notes | add to my profiles
SUMMARY AS PASSED: (all summaries)
Uniform Commercial Code; Secured Transactions. Updates Article 9 (Secured Transactions) of the Uniform Commercial Code, which was last revised in 1972 and adopted in every state. Article 9 provides a statutory framework for transactions that involve the granting of credit secured by personal property. Filing will be with State Corporation Commission only; local filing, other than fixture filings, will be abolished. The new Article 9 generally provides for the filing of a financing statement in the state where the debtor is incorporated. The scope of Article 9 is expanded to include kinds of property such as deposit accounts, health care receivables and commercial tort claims, that were excluded in original Article 9. The location of the debtor rather than the location of the collateral will determine where a security interest perfects. The fee for filing a financing statement is increased from $10 to $20. The bill has an effective date of July 1, 2001. Article 9 is the product of the National Conference of Commissioners of Uniform State Laws.
FULL TEXT
- 01/24/00 House: Presented & ordered printed 001891996 pdf
- 02/10/00 House: Committee substitute printed 000043996-H1 pdf
- 03/14/00 House: Bill text as passed House and Senate (HB1204ER) pdf
- 05/05/00 Governor: Acts of Assembly Chapter text (CHAP1007) pdf
AMENDMENTS
HISTORY
- 01/24/00 House: Presented & ordered printed 001891996
- 01/24/00 House: Referred to Committee on Corporations, Insurance and Banking
- 01/28/00 House: Assigned to C. I. B. sub-committee: 4
- 02/10/00 House: Reported from C. I. B. w/sub (25-Y 0-N)
- 02/10/00 House: Committee substitute printed 000043996-H1
- 02/11/00 House: Read first time
- 02/12/00 House: Read second time
- 02/12/00 House: Committee substitute agreed to 000043996-H1
- 02/12/00 House: Engrossed by House - com. sub. 000043996-H1
- 02/14/00 House: Read third time and passed House (Block Vote) (98-Y 0-N)
- 02/14/00 House: VOTE: BLOCK VOTE PASSAGE (98-Y 0-N)
- 02/14/00 House: Communicated to Senate
- 02/15/00 Senate: Constitutional reading dispensed
- 02/15/00 Senate: Referred to Committee on Commerce and Labor
- 02/28/00 Senate: Reported from C. & L. with amendments (14-Y 0-N)
- 02/29/00 Senate: Const. reading disp., passed by for the day (38-Y 0-N)
- 02/29/00 Senate: VOTE: CONST. RDG. DISPENSED R (38-Y 0-N)
- 03/01/00 Senate: Read third time
- 03/01/00 Senate: Reading of amendments waived
- 03/01/00 Senate: Committee amendments agreed to
- 03/01/00 Senate: Title replaced
- 03/01/00 Senate: Engrossed by Senate as amended
- 03/01/00 Senate: Passed Senate with amendments (40-Y 0-N)
- 03/01/00 Senate: VOTE: PASSAGE R (40-Y 0-N)
- 03/02/00 House: Placed on Calendar
- 03/03/00 House: Senate amendments agreed to by House (97-Y 1-N)
- 03/03/00 House: VOTE: ADOPTION (97-Y 1-N)
- 03/14/00 House: Bill text as passed House and Senate (HB1204ER)
- 03/23/00 House: Enrolled
- 03/24/00 House: Signed by Speaker
- 03/25/00 Senate: Signed by President
- 04/09/00 Governor: Approved by Governor-Chapter 1007 (effective 7/1/01)
- 05/05/00 Governor: Acts of Assembly Chapter text (CHAP1007)