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2000 SESSION

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HB 499 Uniform Electronic Transactions Act; created.

Introduced by: Joe T. May | all patrons    ...    notes | add to my profiles | history

SUMMARY AS PASSED:

Uniform Electronic Transactions Act. Adopts the Uniform Electronic Transactions Act (UETA) promulgated by the National Conference of Commissioners on Uniform State Laws. Under UETA, electronic transactions are not invalidated merely because they are in an electronic form instead of on paper. The bill provides rules and procedures for using electronic records and electronic signatures in both commercial and governmental transactions. UETA provides uniform rules and language used by several states. The bill repeals existing Virginia laws on electronic signatures and electronic filings but incorporates some of these existing provisions, such as the exemption for the court filings. The bill also makes technical amendments throughout the Code to conform to the provisions of UETA. The bill is a recommendation of the Joint Commission on Technology and Science.

SUMMARY AS PASSED HOUSE:

Uniform Electronic Transactions Act. Adopts the Uniform Electronic Transactions Act (UETA) promulgated by the National Conference of Commissioners on Uniform State Laws. Under UETA, electronic transactions are not invalidated merely because they are in an electronic form instead of on paper. The bill provides rules and procedures for using electronic records and electronic signatures in both commercial and governmental transactions. UETA provides uniform rules and language used by several states; however, it incorporates existing Virginia laws on electronic signatures and electronic filings including the exemption for the court filings. The bill repeals the incorporated sections and makes technical amendments to conform to the provisions of the new chapter. This bill is a recommendation of the Joint Commission on Technology and Science.

SUMMARY AS INTRODUCED:

Uniform Electronic Transactions Act. Adopts the Uniform Electronic Transactions Act (UETA) promulgated by the National Conference of Commissioners on Uniform State Laws. Under UETA, electronic transactions are not invalidated merely because they are in an electronic form instead of on paper. The bill provides rules and procedures for using electronic records and electronic signatures in both commercial and governmental transactions. UETA provides uniform rules and language used by several states; however, upon the recommendation of the Joint Commission on Technology and Science, certain sections of the original UETA have been amended to address Virginia's needs, such as incorporating existing Virginia laws on electronic signatures (§59.1-467 et. seq.) and electronic filings (§ 2.1-7.4) including the exemption for the court filings. The bill repeals the incorporated sections and makes technical amendments throughout the Virginia Code to conform to the provisions of the new chapter. This bill is a recommendation of the Joint Commission on Technology and Science.