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AN ACT relating to the Uniform Commercial Code.

It became law on Mar 26, 2024.

KY SB 155 · Senate Bill · 2024RS

Stage
Became law
Started in
Senate
Sponsor
1
Latest action
Mar 26, 2024

What it does

Repeal and reenact KRS 355.2-102 to establish transactions subject to provisions of article; amend various sections of Articles 2, 2A, 4A, and 9 of KRS Chapter 355 to remove writing requirements; amend KRS 355.2A-102 to establish when article applies to hybrid leases; amend definition of "negotiable instrument" in KRS 355.3-104; amend KRS 355.3-105 and 355.3-604 to accommodate electronic transactions; amend KRS 355.3-417 and 355.4-208 to specify that expenses include reasonable attorney's fees; amend KRS 355.4A-201 to modify security procedure requirements relating to funds transfers; amend KRS 355.5-116 to establish governing law standards for letters of credit; amend KRS 355.7-106 and…

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Where it stands

This bill passed and is now law.

  1. Introduced (Done)

  2. Committee (Done)

  3. Floor (Done)

  4. Law (Done)

    Mar 26, 2024

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Who is involved

Sponsors

The lawmakers who put their names on it, lead sponsors first.

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Where it goes next

Once a bill is decided, the questions are about what is done with it in Kentucky.

Work with this bill

AN ACT relating to the Uniform Commercial Code. | 52