Senators debate UCC changes for securities; bill fails after concerns from legal experts

Feb 12, 2025

Senate File 189, a proposed change to Uniform Commercial Code rules on investment securities and priority, drew objections from Uniform Law Commission members and several senators and failed on final passage.

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Senate File 189, which would amend state Uniform Commercial Code provisions governing investment securities and priority of interests, drew sustained floor opposition and failed on final passage.

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