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SB167 • 2025

Amends portions of the Uniform Commercial Code to enable the code to govern the use of certain types of digital assets, electronic money, chattel paper, hybrid transactions, including bundles of goods and services, documents of title and payment systems.

Amends portions of the Uniform Commercial Code to enable the code to govern the use of certain types of digital assets, electronic money, chattel paper, hybrid transactions, including bundles of goods and services, documents of title and payment systems.

Enacted

This bill passed the Legislature and reached final enactment based on the latest official action.

Sponsor
Last action
2025-05-14
Official status
Chapter Number Assigned
Effective date
Not listed

Plain English Breakdown

The plain English breakdown is still being put together. The official documents below are already here.

Bill History

  1. 2025-05-14 Senate

    Chapter 33, 2025 Laws.

  2. 2025-05-14 Senate

    Effective date, January 1, 2026.

  3. 2025-05-07 Senate

    Governor signed.

  4. 2025-04-29 Senate

    President signed.

  5. 2025-04-29 House

    Speaker signed.

  6. 2025-04-28 House

    Third reading. Carried by Mannix. Passed. Ayes, 51; Nays, 4--Drazan, Harbick, Skarlatos, Yunker; Excused, 4--Breese-Iverson, Evans, Nelson, Nguyen H; Excused for Business of the House, 1--Nosse.

  7. 2025-04-24 House

    Second reading.

  8. 2025-04-23 House

    Recommendation: Do pass.

  9. 2025-04-22 House

    Work Session held.

  10. 2025-04-15 House

    Public Hearing held.

  11. 2025-02-21 House

    Referred to Judiciary.

  12. 2025-02-20 House

    First reading. Referred to Speaker's desk.

  13. 2025-02-18 Senate

    Third reading. Carried by Prozanski. Passed. Ayes, 26; Nays, 2--Robinson, Thatcher; Excused, 2--Linthicum, Taylor.

  14. 2025-02-11 Senate

    Recommendation: Do pass.

  15. 2025-02-11 Senate

    Second reading.

  16. 2025-02-05 Senate

    Work Session held.

  17. 2025-01-30 Senate

    Public Hearing held.

  18. 2025-01-17 Senate

    Referred to Judiciary.

  19. 2025-01-13 Senate

    Introduction and first reading. Referred to President's desk.

Official Summary Text

Digest: Makes changes to the law that governs commerce among merchants so that the law can now take account of new ways of making payments and doing business. (Flesch Readability Score: 63.4).
Amends portions of the Uniform Commercial Code to enable the code to govern the use of certain types of digital assets, electronic money, chattel paper, hybrid transactions, including bundles of goods and services, documents of title and payment systems. Makes miscellaneous other amendments to the code and related statutes.
Relating to: Relating to the Uniform Commercial Code.
Current location: Chapter Number Assigned