COMMERCIAL REGULATIONS: Provides for certain assets and transactions subject to the Uniform Commercial Code. (8/1/24)

SB 110 makes minor technical corrections to the state's adoption of the Uniform Commercial Code by adjusting specific wording regarding securities. The bill changes a reference from "certificated security" to "a certificated security" and removes an outdated term, "a security certificate," from the legal text. These adjustments clarify how physical stock certificates are defined and handled within existing commercial regulations. The changes directly affect financial institutions and businesses that issue or trade physical securities, ensuring the state laws align with current legal terminology.