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Witnesses urge full adoption of 2022 UCC amendments; committee told omission was drafting error
Summary
Experts and industry groups urged the House committee to adopt the 2022 Uniform Commercial Code amendments in full rather than only Article 12; witnesses warned that passing only part of the UCC could create inconsistent definitions and legal uncertainty and said the omission was due to a drafting/communication error.
Steve Leites, chair of the Maryland Commission on Uniform State Laws, told the committee that Maryland should adopt the 2022 Uniform Commercial Code amendments in full. He warned that if Article 12 (controllable electronic records) were enacted without the related definitional and perfection changes,…
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