AN ACT RELATING TO THE UNIFORM COMMERCIAL CODE

This bill updates the state's Uniform Commercial Code to include legal definitions for emerging digital technologies, specifically addressing electronic documents of title and electronic records. By amending the General Provisions, the law clarifies how terms like "delivery," "holder," and "good faith" apply to transactions involving digital assets and electronic mediums. The changes ensure that existing commercial rules can properly govern modern business practices involving data stored in electronic formats rather than just physical paper. These updates directly affect businesses, banks, and individuals engaging in commercial transactions that utilize digital systems.