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2011 SESSION
HB 1718 Uniform Commercial Code; negotiable instruments and bank deposits and collections.
Introduced by: Donald W. Merricks | all patrons ... notes | add to my profiles | history
SUMMARY AS PASSED HOUSE:
Uniform Commercial Code; negotiable instruments and bank deposits and collections. Updates Articles 3 (Negotiable Instruments) and 4 (Bank Deposits and Collections) of the UCC to reflect court decisions and advances in technology. The amendments cover the following topics: payment and discharge, telephonically generated checks, electronic communications, and consumer notices. The amendments to Articles 3 and 4 were completed by the Uniform Law Commissioners, in conjunction with the American Law Institute, in 2002 and have been enacted in 10 states.
SUMMARY AS INTRODUCED:
Uniform Commercial Code; negotiable instruments and bank deposits and collections. Updates Articles 3 (Negotiable Instruments) and 4 (Bank Deposits and Collections) of the UCC to reflect court decisions and advances in technology. The amendments cover the following topics: transferring lost instruments, payment and discharge, telephonically generated checks, suretyship, electronic communications, and consumer notices. The amendments to Articles 3 and 4 were completed by the Uniform Law Commissioners, in conjunction with the American Law Institute, in 2002 and have been enacted in 10 states.