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Committee hears H.206 to adopt 2022 Uniform Commercial Code amendments for electronic commerce
Summary
The House Committee on Finance heard presentations on H.206, a proposal to update Vermont’s Uniform Commercial Code (Title 9A) with the UCC’s 2022 amendments to address electronic records, cryptocurrencies and related secured-transaction rules; no final vote was taken.
The House Committee on Finance heard testimony on H.206 on the Uniform Commercial Code, with presenters saying the bill would incorporate the UCC’s 2022 amendments — chiefly to recognize electronic records, non‑fungible tokens and cryptocurrency as potentially securable commercial assets.
The bill would update Title 9A of Vermont law to reflect model changes developed by the Uniform Law Commission and the American Law Institute. Rick Seigel, Office of Legislative Counsel, told the committee the UCC’s goal “is to facilitate commercial transactions,” so that businesses “have the same guardrails” across states. He described the 2022 package as focused on electronic transactions and said Vermont’s version includes a provision added on the House side (section 11a) at the request of another member.
Carlos, a lawyer and long‑time uniform law commissioner who participated in drafting, told the committee the commercial code is large and covers sales,…
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