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Supporters tell committee updating UCC will help electronic transactions and national competitiveness
5570884 · April 15, 2025
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Summary
Supporters urged the Joint Committee on Financial Services to pass H.1282/S.684, amendments to the Uniform Commercial Code intended to modernize rules—particularly for investment securities and electronic transactions—and to keep Massachusetts aligned with most other states.
Experts from the financial-services and legal community told the Joint Committee on Financial Services that proposed updates to the Uniform Commercial Code (H.1282/S.684) are needed to reflect electronic transactions…
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