Barbara M. Goodstein The UCC Emerging Technologies Amendments: Part III (The Issue of Money)
The proposed changes to the UCC effected by the 2022 amendments are numerous, affecting every article in the statute. Among those changes are amendments to the definition of "money" and how a security interest in that type of asset can be perfected. In her Secured Transactions column, Barbara Goodstein discusses the treatment of money under the 2022 UCC amendments and how it's affecting the progress of adoption of the amendments throughout the states, and the "loosely titled hip-pocket amendment" that will try to resolve the issue impeding adoption.
August 02, 2023 at 10:00 AM
8 minute read
Securities Litigation
In past publications, this column reviewed proposed Uniform Commercial Code (UCC) amendments under consideration by the Emerging Technologies Committee, a joint committee consisting of members of the Uniform Law Commission (ULC) and American Law Institute. See Virtual Currencies (and Other Digital Assets) Under the UCC, 266 N.Y.L.J. No. 25 (Aug. 4, 2021); The UCC Emerging Technologies Committee: Part II (Chattel Paper), 267 N.Y.L.J. No. 66 (Apr. 7, 2022).
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