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Committee hears technical case to update Montana’s UCC for digital records and crypto
Summary
SB 426 would amend Montana’s Uniform Commercial Code to accommodate electronic records, broader definitions of signatures and a category for 'controllable electronic records' used to govern digital assets and secured transactions. Banking and legal witnesses urged a due pass; sponsors said the changes align Montana with other states and explicitly ban central bank digital currency without legislative approval.
Senator Vince Rickey introduced Senate Bill 426 as an update to Montana’s Uniform Commercial Code to reflect digital transactions and new asset types.
Jonathan Byington, a law professor and uniform law commissioner, outlined three main features: replacing the word "writing" with "record" to enable electronic…
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