The bill aims to amend the uniform commercial code regarding secured transactions. It likely includes provisions that modernize and improve regulations governing how creditors secure interests in personal property to ensure clarity, consistency, and efficiency in commercial transactions. This update could impact how businesses and individuals engage in borrowing, lending, and other financial activities involving secured assets.
2023-12-01: Prefiled (H)
2024-01-03: Read First Time (H)
2024-01-04: Read Second Time (H)
2024-02-29: Referred: General Laws(H)
2024-03-05: Public Hearing Completed (H)
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