Arizona 56th Legislature - First Regular Session Status: Passed House 1 R cosponsors

HB 2770 — uniform commercial code; 2022 amendments

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  1. ✓
    Introduced
  2. ✓
    In Committee
  3. 3
    Passed House
  4. 4
    Passed Senate
  5. 5
    To Executive
  6. 6
    Enacted

This bill died with 56th Legislature - First Regular Session. It reached “Passed House” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Bill Text

What changed in the latest version

114 added · 115 removed

Plain-language change summary

The recent changes to House Bill 2770 involved adding a title relating to the uniform commercial code and removing the reference title that identified the bill's subject. This update means that the bill is now explicitly tied to the latest amendments of the commercial code, which is important for clarity and understanding of its purpose. It helps ensure that everyone knows the bill addresses changes in commercial law, making it easier for lawmakers and the public to follow its implications.

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REFERENCE TITLE:
House Engrossed uniform commercial code;
uniform commercial code;
2022 amendments State of Arizona House of Representatives Fifty-sixth Legislature First Regular Session HOUSE BILL 2770 AN ACT AMENDING SECTIONS 44-6802, 47-1201, 47-1204, 47-1301, 47-1306, 47-2102, 47-2106, 47-2201, 47-2202, 47-2203, 47-2205, 47-2209, 47-2A102, 47-2A103, 47-2A107, 47-2A201, 47-2A202, 47-2A203, 47-2A205, 47-2A208, 47-3104, 47-3105, 47-3401, 47-3604, 47-4A103, 47-4A201, 47-4A202, 47-4A203, 47-4A207, 47-4A208, 47-4A210, 47-4A211, 47-4A305, 47-5104, 47-5116, 47-7102, 47-7106, 47-8102, 47-8103, 47-8106, 47-8110, 47-8303, 47-9102 AND 47-9104, ARIZONA REVISED STATUTES;
2022 amendments State of Arizona House of Representatives Fifty-sixth Legislature First Regular Session HB 2770 Introduced by Representative Wilmeth AN ACT AMENDING SECTIONS 44-6802, 47-1201, 47-1204, 47-1301, 47-1306, 47-2102, 47-2106, 47-2201, 47-2202, 47-2203, 47-2205, 47-2209, 47-2A102, 47-2A103, 47-2A107, 47-2A201, 47-2A202, 47-2A203, 47-2A205, 47-2A208, 47-3104, 47-3105, 47-3401, 47-3604, 47-4A103, 47-4A201, 47-4A202, 47-4A203, 47-4A207, 47-4A208, 47-4A210, 47-4A211, 47-4A305, 47-5104, 47-5116, 47-7102, 47-7106, 47-8102, 47-8103, 47-8106, 47-8110, 47-8303, 47-9102 AND 47-9104, ARIZONA REVISED STATUTES;
(TEXT OF BILL BEGINS ON NEXT PAGE) - ii - HB 2770 Be it enacted by the Legislature of the State of Arizona:
(TEXT OF BILL BEGINS ON NEXT PAGE) - ii - H.B.
2770 Be it enacted by the Legislature of the State of Arizona:
- 1 - HB 2770 1.
- 1 - H.B.
2770 1.
- 2 - HB 2770 Whether a term is conspicuous or not is a decision for the court.
- 2 - H.B.
2770 Whether a term is conspicuous or not is a decision for the court.
- 3 - HB 2770 18.
- 3 - H.B.
2770 18.
THE TERM INCLUDES A PROTECTED SERIES, HOWEVER DENOMINATED, OF AN ENTITY IF THE PROTECTED SERIES IS ESTABLISHED UNDER LAW OTHER THAN THIS TITLE THAT LIMITS, OR LIMITS IF CONDITIONS SPECIFIED UNDER THE LAW ARE SATISFIED, THE ABILITY OF A CREDITOR OF THE ENTITY OR OF ANY OTHER - 4 - HB 2770 PROTECTED SERIES OF THE ENTITY TO SATISFY A CLAIM FROM ASSETS OF THE PROTECTED SERIES.
THE TERM INCLUDES A PROTECTED SERIES, HOWEVER DENOMINATED, OF AN ENTITY IF THE PROTECTED SERIES IS ESTABLISHED UNDER LAW OTHER THAN THIS TITLE THAT LIMITS, OR LIMITS IF CONDITIONS SPECIFIED UNDER THE LAW ARE SATISFIED, THE ABILITY OF A CREDITOR OF THE ENTITY OR OF ANY OTHER - 4 - H.B.
2770 PROTECTED SERIES OF THE ENTITY TO SATISFY A CLAIM FROM ASSETS OF THE PROTECTED SERIES.
(a) To deposit in the mail, or deliver for transmission, OR TRANSMIT by any other usual means of communication with postage or cost of transmission provided for, and properly addressed and, in the case of an instrument, to an address specified thereon or otherwise agreed, or if - 5 - HB 2770 there is none ADDRESSED to any address reasonable under the circumstances;
(a) To deposit in the mail, or deliver for transmission, OR TRANSMIT by any other usual means of communication with postage or cost of transmission provided for, and properly addressed and, in the case of an instrument, to an address specified thereon or otherwise agreed, or if - 5 - H.B.
2770 there is none ADDRESSED to any address reasonable under the circumstances;
- 6 - HB 2770 Sec.
- 6 - H.B.
2770 Sec.
- 7 - HB 2770 B.
- 7 - H.B.
2770 B.
- 8 - HB 2770 Sec.
- 8 - H.B.
2770 Sec.
- 9 - HB 2770 1.
- 9 - H.B.
2770 1.
- 10 - HB 2770 Sec.
- 10 - H.B.
2770 Sec.
- 11 - HB 2770 5.
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2770 5.
- 12 - HB 2770 9.
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2770 9.
- 13 - HB 2770 18.
- 13 - H.B.
2770 18.
- 14 - HB 2770 8.
- 14 - H.B.
2770 8.
If the goods are to be specially manufactured or obtained for the lessee and are not suitable for lease or sale to others in the - 15 - HB 2770 ordinary course of the lessor's business, and the lessor, before notice of repudiation is received and under circumstances that reasonably indicate that the goods are for the lessee, has made either a substantial beginning of their manufacture or commitments for their procurement;
If the goods are to be specially manufactured or obtained for the lessee and are not suitable for lease or sale to others in the - 15 - H.B.
2770 ordinary course of the lessor's business, and the lessor, before notice of repudiation is received and under circumstances that reasonably indicate that the goods are for the lessee, has made either a substantial beginning of their manufacture or commitments for their procurement;
- 16 - HB 2770 Sec.
- 16 - H.B.
2770 Sec.
or - 17 - HB 2770 (c) A waiver of the benefit of any law intended for the advantage or protection of an obligor;
or - 17 - H.B.
2770 (c) A waiver of the benefit of any law intended for the advantage or protection of an obligor;
- 18 - HB 2770 Sec.
- 18 - H.B.
Show all 225 changed rows (185 more)
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2770 Sec.
- 19 - HB 2770 B.
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2770 B.
A security procedure MAY IMPOSE AN OBLIGATION ON THE RECEIVING BANK OR THE CUSTOMER AND may require the use - 20 - HB 2770 of algorithms or other codes, identifying words, or numbers, SYMBOLS, SOUNDS, BIOMETRICS, encryption, callback procedures or similar security devices.
A security procedure MAY IMPOSE AN OBLIGATION ON THE RECEIVING BANK OR THE CUSTOMER AND may require the use - 20 - H.B.
2770 of algorithms or other codes, identifying words, or numbers, SYMBOLS, SOUNDS, BIOMETRICS, encryption, callback procedures or similar security devices.
The term "sender" in this chapter includes the customer in whose name a payment order is issued if the order is the authorized order of the - 21 - HB 2770 customer under subsection A of this section, or it is effective as the order of the customer under subsection B of this section.
The term "sender" in this chapter includes the customer in whose name a payment order is issued if the order is the authorized order of the - 21 - H.B.
2770 customer under subsection A of this section, or it is effective as the order of the customer under subsection B of this section.
Except as otherwise provided in subsection C, if the beneficiary's bank does not know that the name and number refer to different persons, it may rely on the number as the proper identification - 22 - HB 2770 of the beneficiary of the order.
Except as otherwise provided in subsection C, if the beneficiary's bank does not know that the name and number refer to different persons, it may rely on the number as the proper identification - 22 - H.B.
2770 of the beneficiary of the order.
- 23 - HB 2770 2.
- 23 - H.B.
2770 2.
Rejection is effective when the notice is given if transmission is by a means that is reasonable in the - 24 - HB 2770 circumstances.
Rejection is effective when the notice is given if transmission is by a means that is reasonable in the - 24 - H.B.
2770 circumstances.
- 25 - HB 2770 C.
- 25 - H.B.
2770 C.
- 26 - HB 2770 H.
- 26 - H.B.
2770 H.
- 27 - HB 2770 Sec.
- 27 - H.B.
2770 Sec.
- 28 - HB 2770 D.
- 28 - H.B.
2770 D.
- 29 - HB 2770 B.
- 29 - H.B.
2770 B.
- 30 - HB 2770 2.
- 30 - H.B.
2770 2.
- 31 - HB 2770 Sec.
- 31 - H.B.
2770 Sec.
(b) An obligation of a person or a share, participation or other interest in a person or in property or an enterprise of a person, which is, or is of a type, dealt in or traded on financial markets, or which is - 32 - HB 2770 recognized in any area in which it is issued or dealt in as a medium for investment;
(b) An obligation of a person or a share, participation or other interest in a person or in property or an enterprise of a person, which is, or is of a type, dealt in or traded on financial markets, or which is - 32 - H.B.
2770 recognized in any area in which it is issued or dealt in as a medium for investment;
or - 33 - HB 2770 (ii) Is a medium for investment and by its terms expressly provides that it is a security governed by this chapter.
or - 33 - H.B.
2770 (ii) Is a medium for investment and by its terms expressly provides that it is a security governed by this chapter.
- 34 - HB 2770 C.
- 34 - H.B.
2770 C.
Another person, has control of the security entitlement on behalf of the purchaser or, having previously acquired control of the security entitlement, acknowledges that it has control on behalf of the - 35 - HB 2770 purchaser.
Another person, has control of the security entitlement on behalf of the purchaser or, having previously acquired control of the security entitlement, acknowledges that it has control on behalf of the - 35 - H.B.
2770 purchaser.
and - 36 - HB 2770 5.
and - 36 - H.B.
2770 5.
- 37 - HB 2770 4.
- 37 - H.B.
2770 4.
"Account", except as used in "account for", "ACCOUNT STATEMENT", "ACCOUNT TO", "COMMODITY ACCOUNT" IN PARAGRAPH 15 OF THIS SUBSECTION, "CUSTOMER’S ACCOUNT", "DEPOSIT ACCOUNT" IN PARAGRAPH 32 OF THIS SUBSECTION, "ON ACCOUNT OF" AND "STATEMENT OF ACCOUNT", means a right to payment of a monetary obligation, whether or not earned by performance, for property that has been or is to be sold, leased, licensed, assigned or otherwise disposed of, for services rendered or to be rendered, for a policy of insurance issued or to be issued, for a secondary obligation incurred or to be incurred, for energy provided or to be provided, for the use or hire of a vessel under a charter or other contract, arising out of - 38 - HB 2770 the use of a credit or charge card or information contained on or for use with the card or as winnings in a lottery or other game of chance operated or sponsored by a state, a governmental unit of a state or a person licensed or authorized to operate the game by a state or governmental unit of a state.
"Account", except as used in "account for", "ACCOUNT STATEMENT", "ACCOUNT TO", "COMMODITY ACCOUNT" IN PARAGRAPH 15 OF THIS SUBSECTION, "CUSTOMER’S ACCOUNT", "DEPOSIT ACCOUNT" IN PARAGRAPH 32 OF THIS SUBSECTION, "ON ACCOUNT OF" AND "STATEMENT OF ACCOUNT", means a right to payment of a monetary obligation, whether or not earned by performance, for property that has been or is to be sold, leased, licensed, assigned or otherwise disposed of, for services rendered or to be rendered, for a policy of insurance issued or to be issued, for a secondary obligation incurred or to be incurred, for energy provided or to be provided, for the use or hire of a vessel under a charter or other contract, arising out of - 38 - H.B.
2770 the use of a credit or charge card or information contained on or for use with the card or as winnings in a lottery or other game of chance operated or sponsored by a state, a governmental unit of a state or a person licensed or authorized to operate the game by a state or governmental unit of a state.
or - 39 - HB 2770 (b) Accounts arising out of the sale at the wellhead or minehead of oil, gas or other minerals in which the debtor had an interest before extraction.
or - 39 - H.B.
2770 (b) Accounts arising out of the sale at the wellhead or minehead of oil, gas or other minerals in which the debtor had an interest before extraction.
Chattel paper does not include charters or other contracts involving the use or hire of a vessel or records that evidence a right to - 40 - HB 2770 payment arising out of the use of a credit or charge card or information contained on or for use with the card.
Chattel paper does not include charters or other contracts involving the use or hire of a vessel or records that evidence a right to - 40 - H.B.
2770 payment arising out of the use of a credit or charge card or information contained on or for use with the card.
or - 41 - HB 2770 (b) Traded on a foreign commodity board of trade, exchange or market, and is carried on the books of a commodity intermediary for a commodity customer.
or - 41 - H.B.
2770 (b) Traded on a foreign commodity board of trade, exchange or market, and is carried on the books of a commodity intermediary for a commodity customer.
and - 42 - HB 2770 (b) A security interest in consumer goods secures the obligation.
and - 42 - H.B.
2770 (b) A security interest in consumer goods secures the obligation.
- 43 - HB 2770 34.
- 43 - H.B.
2770 34.
- 44 - HB 2770 (iv) Crops grown, growing or to be grown, even if the crops are produced on trees, vines or bushes;
- 44 - H.B.
2770 (iv) Crops grown, growing or to be grown, even if the crops are produced on trees, vines or bushes;
- 45 - HB 2770 49.
- 45 - H.B.
2770 49.
- 46 - HB 2770 56.
- 46 - H.B.
2770 56.
- 47 - HB 2770 64.
- 47 - H.B.
2770 64.
- 48 - HB 2770 69.
- 48 - H.B.
2770 69.
- 49 - HB 2770 76.
- 49 - H.B.
2770 76.
"Issuer" (with respect to documents of title) Section 47-7102 - 50 - HB 2770 15.
"Issuer" (with respect to documents of title) Section 47-7102 - 50 - H.B.
2770 15.
OR - 51 - HB 2770 (b) OBTAINS CONTROL OF THE DEPOSIT ACCOUNT AFTER HAVING ACKNOWLEDGED THAT IT WILL OBTAIN CONTROL OF THE DEPOSIT ACCOUNT ON BEHALF OF THE SECURED PARTY.
OR - 51 - H.B.
2770 (b) OBTAINS CONTROL OF THE DEPOSIT ACCOUNT AFTER HAVING ACKNOWLEDGED THAT IT WILL OBTAIN CONTROL OF THE DEPOSIT ACCOUNT ON BEHALF OF THE SECURED PARTY.
- 52 - HB 2770 2.
- 52 - H.B.
2770 2.
- 53 - HB 2770 (a) POWER TO AVAIL ITSELF OF SUBSTANTIALLY ALL THE BENEFIT FROM THE ELECTRONIC MONEY;
- 53 - H.B.
2770 (a) POWER TO AVAIL ITSELF OF SUBSTANTIALLY ALL THE BENEFIT FROM THE ELECTRONIC MONEY;
- 54 - HB 2770 47-9107A.
- 54 - H.B.
2770 47-9107A.
or (d) The collateral is CONTROLLABLE ACCOUNTS, CONTROLLABLE ELECTRONIC RECORDS, CONTROLLABLE PAYMENT INTANGIBLES, deposit accounts, electronic chattel paper DOCUMENTS, ELECTRONIC MONEY, investment - 55 - HB 2770 property, OR letter-of-credit rights or electronic documents, and the secured party has control under section 47-7106, 47-9104, 47-9105 47-9105A, 47-9106, or 47-9107 OR 47-9107A pursuant to the debtor's security agreement;
or (d) The collateral is CONTROLLABLE ACCOUNTS, CONTROLLABLE ELECTRONIC RECORDS, CONTROLLABLE PAYMENT INTANGIBLES, deposit accounts, electronic chattel paper DOCUMENTS, ELECTRONIC MONEY, investment - 55 - H.B.
2770 property, OR letter-of-credit rights or electronic documents, and the secured party has control under section 47-7106, 47-9104, 47-9105 47-9105A, 47-9106, or 47-9107 OR 47-9107A pursuant to the debtor's security agreement;
- 56 - HB 2770 Sec.
- 56 - H.B.
2770 Sec.
and - 57 - HB 2770 4.
and - 57 - H.B.
2770 4.
- 58 - HB 2770 3.
- 58 - H.B.
2770 3.
A SECURED PARTY HAVING CONTROL UNDER SECTION 47-7106 OF AN AUTHORITATIVE ELECTRONIC COPY OF AN ELECTRONIC DOCUMENT SHALL TRANSFER - 59 - HB 2770 CONTROL OF THE ELECTRONIC COPY TO THE DEBTOR OR A PERSON DESIGNATED BY THE DEBTOR;
A SECURED PARTY HAVING CONTROL UNDER SECTION 47-7106 OF AN AUTHORITATIVE ELECTRONIC COPY OF AN ELECTRONIC DOCUMENT SHALL TRANSFER - 59 - H.B.
2770 CONTROL OF THE ELECTRONIC COPY TO THE DEBTOR OR A PERSON DESIGNATED BY THE DEBTOR;
- 60 - HB 2770 4.
- 60 - H.B.
2770 4.
- 61 - HB 2770 Sec.
- 61 - H.B.
2770 Sec.
If paragraph 1 does not apply and an agreement between the bank and its customer governing the deposit account expressly provides that the - 62 - HB 2770 agreement is governed by the law of a particular jurisdiction, that jurisdiction is the bank's jurisdiction.
If paragraph 1 does not apply and an agreement between the bank and its customer governing the deposit account expressly provides that the - 62 - H.B.
2770 agreement is governed by the law of a particular jurisdiction, that jurisdiction is the bank's jurisdiction.
If paragraph 1 of this subsection does not apply and an agreement between the commodity intermediary and commodity customer - 63 - HB 2770 governing the commodity account expressly provides that the agreement is governed by the law of a particular jurisdiction, that jurisdiction is the commodity intermediary's jurisdiction.
If paragraph 1 of this subsection does not apply and an agreement between the commodity intermediary and commodity customer - 63 - H.B.
2770 governing the commodity account expressly provides that the agreement is governed by the law of a particular jurisdiction, that jurisdiction is the commodity intermediary's jurisdiction.
- 64 - HB 2770 2.
- 64 - H.B.
2770 2.
- 65 - HB 2770 B.
- 65 - H.B.
2770 B.
- 66 - HB 2770 Sec.
- 66 - H.B.
2770 Sec.
- 67 - HB 2770 F.
- 67 - H.B.
2770 F.
If perfection of a security interest depends on possession of the collateral by a secured party, perfection occurs no NOT earlier than - 68 - HB 2770 the time the secured party takes possession and continues only while the secured party retains possession.
If perfection of a security interest depends on possession of the collateral by a secured party, perfection occurs no NOT earlier than - 68 - H.B.
2770 the time the secured party takes possession and continues only while the secured party retains possession.
A security interest in deposit accounts, electronic chattel paper, letter-of-credit rights or electronic documents CONTROLLABLE ACCOUNTS, CONTROLLABLE ELECTRONIC RECORDS, CONTROLLABLE PAYMENT INTANGIBLES, DEPOSIT ACCOUNTS, ELECTRONIC DOCUMENTS, ELECTRONIC MONEY, OR - 69 - HB 2770 LETTER-OF-CREDIT RIGHTS is perfected by control under section 47-7106, 47-9104, 47-9105 47-9105A, or 47-9107 when OR 47-9107A NOT EARLIER THAN THE TIME the secured party obtains control and remains perfected by control only while the secured party retains control.
A security interest in deposit accounts, electronic chattel paper, letter-of-credit rights or electronic documents CONTROLLABLE ACCOUNTS, CONTROLLABLE ELECTRONIC RECORDS, CONTROLLABLE PAYMENT INTANGIBLES, DEPOSIT ACCOUNTS, ELECTRONIC DOCUMENTS, ELECTRONIC MONEY, OR - 69 - H.B.
2770 LETTER-OF-CREDIT RIGHTS is perfected by control under section 47-7106, 47-9104, 47-9105 47-9105A, or 47-9107 when OR 47-9107A NOT EARLIER THAN THE TIME the secured party obtains control and remains perfected by control only while the secured party retains control.
- 70 - HB 2770 B.
- 70 - H.B.
2770 B.
- 71 - HB 2770 G.
- 71 - H.B.
2770 G.
A security interest that is perfected by the financing statement but that does not become perfected under the law of the other jurisdiction before the earlier time - 72 - HB 2770 or event becomes unperfected and is deemed never to have been perfected as against a purchaser of the collateral for value.
A security interest that is perfected by the financing statement but that does not become perfected under the law of the other jurisdiction before the earlier time - 72 - H.B.
2770 or event becomes unperfected and is deemed never to have been perfected as against a purchaser of the collateral for value.
AND - 73 - HB 2770 2.
AND - 73 - H.B.
2770 2.
Except as otherwise provided in subsection E of this section, a buyer of goods other than a buyer in ordinary course of business takes - 74 - HB 2770 free of a security interest to the extent that it secures advances made after the earlier of:
Except as otherwise provided in subsection E of this section, a buyer of goods other than a buyer in ordinary course of business takes - 74 - H.B.
2770 free of a security interest to the extent that it secures advances made after the earlier of:
and - 75 - HB 2770 4.
and - 75 - H.B.
2770 4.
- 76 - HB 2770 G.
- 76 - H.B.
2770 G.
- 77 - HB 2770 1.
- 77 - H.B.
2770 1.
- 78 - HB 2770 Sec.
- 78 - H.B.
2770 Sec.
and - 79 - HB 2770 (b) Has priority over any conflicting interest of a predecessor in title of the encumbrancer or owner;
and - 79 - H.B.
2770 (b) Has priority over any conflicting interest of a predecessor in title of the encumbrancer or owner;
- 80 - HB 2770 Sec.
- 80 - H.B.
2770 Sec.
- 81 - HB 2770 Sec.
- 81 - H.B.
2770 Sec.
Prohibits, restricts or requires the consent of the account debtor or person obligated on the promissory note to the assignment or - 82 - HB 2770 transfer of, or the creation, attachment, perfection or enforcement of a security interest in, the account, chattel paper, payment intangible or promissory note;
Prohibits, restricts or requires the consent of the account debtor or person obligated on the promissory note to the assignment or - 82 - H.B.
2770 transfer of, or the creation, attachment, perfection or enforcement of a security interest in, the account, chattel paper, payment intangible or promissory note;
- 83 - HB 2770 Sec.
- 83 - H.B.
2770 Sec.
To the extent that a term in a promissory note or in an agreement between an account debtor and a debtor that relates to a health-care-insurance receivable or general intangible or a rule of law, statute or regulation described in subsection C of this section would be - 84 - HB 2770 effective under law other than this chapter but is ineffective under subsection A or C of this section, the creation, attachment or perfection of a security interest in the promissory note, health-care-insurance receivable or general intangible:
To the extent that a term in a promissory note or in an agreement between an account debtor and a debtor that relates to a health-care-insurance receivable or general intangible or a rule of law, statute or regulation described in subsection C of this section would be - 84 - H.B.
2770 effective under law other than this chapter but is ineffective under subsection A or C of this section, the creation, attachment or perfection of a security interest in the promissory note, health-care-insurance receivable or general intangible:
- 85 - HB 2770 C.
- 85 - H.B.
2770 C.
- 86 - HB 2770 3.
- 86 - H.B.
2770 3.
A sale pursuant to an execution is a foreclosure of the security interest or agricultural lien by judicial procedure within the meaning of - 87 - HB 2770 this section.
A sale pursuant to an execution is a foreclosure of the security interest or agricultural lien by judicial procedure within the meaning of - 87 - H.B.
2770 this section.
- 88 - HB 2770 (b) The satisfaction of obligations secured by the security interest or agricultural lien under which the collection or enforcement is made;
- 88 - H.B.
2770 (b) The satisfaction of obligations secured by the security interest or agricultural lien under which the collection or enforcement is made;
- 89 - HB 2770 (b) Any other secured party or lienholder that, ten days before the notification date, held a security interest in or other lien on the collateral perfected by the filing of a financing statement that:
- 89 - H.B.
2770 (b) Any other secured party or lienholder that, ten days before the notification date, held a security interest in or other lien on the collateral perfected by the filing of a financing statement that:
- 90 - HB 2770 2.
- 90 - H.B.
2770 2.
- 91 - HB 2770 B.
- 91 - H.B.
2770 B.
[Identification of (IDENTIFY transaction]) - 92 - HB 2770 We have your [(describe collateral]) , because you broke promises in our agreement.
[Identification of (IDENTIFY transaction]) - 92 - H.B.
2770 We have your [(describe collateral]) , because you broke promises in our agreement.
- 93 - HB 2770 {10} We are sending this notice to the following other people who have an interest in [(describe collateral]) or who owe money under your agreement:
- 93 - H.B.
2770 {10} We are sending this notice to the following other people who have an interest in [(describe collateral]) or who owe money under your agreement:
IN ADDITION, THE SENDER MAY INCLUDE AND COMPLETE THE ADDITIONAL METHOD OF COMMUNICATION, ELECTRONIC COMMUNICATION, FOR THE RECIPIENT OF THE NOTIFICATION TO COMMUNICATE WITH - 94 - HB 2770 THE SENDER.
IN ADDITION, THE SENDER MAY INCLUDE AND COMPLETE THE ADDITIONAL METHOD OF COMMUNICATION, ELECTRONIC COMMUNICATION, FOR THE RECIPIENT OF THE NOTIFICATION TO COMMUNICATE WITH - 94 - H.B.
2770 THE SENDER.
- 95 - HB 2770 E.
- 95 - H.B.
2770 E.
- 96 - HB 2770 B.
- 96 - H.B.
2770 B.
A debtor or consumer obligor is entitled without charge to one response to a request under this section during any six month period in - 97 - HB 2770 which the secured party did not send to the debtor or consumer obligor an explanation pursuant to subsection B, paragraph 1 of this section.
A debtor or consumer obligor is entitled without charge to one response to a request under this section during any six month period in - 97 - H.B.
2770 which the secured party did not send to the debtor or consumer obligor an explanation pursuant to subsection B, paragraph 1 of this section.
- 98 - HB 2770 (a) A person to which the secured party was required to send a proposal under section 47-9621;
- 98 - H.B.
2770 (a) A person to which the secured party was required to send a proposal under section 47-9621;
- 99 - HB 2770 1.
- 99 - H.B.
2770 1.
- 100 - HB 2770 B.
- 100 - H.B.
2770 B.
- 101 - HB 2770 F.
- 101 - H.B.
2770 F.
- 102 - HB 2770 C.
- 102 - H.B.
2770 C.
AN ACTION MAY NOT BE ASSERTED AGAINST A QUALIFYING PURCHASER BASED ON BOTH A PURCHASE BY THE QUALIFYING PURCHASER OF A CONTROLLABLE ELECTRONIC RECORD AND A CLAIM OF A PROPERTY RIGHT IN ANOTHER CONTROLLABLE - 103 - HB 2770 ELECTRONIC RECORD, WHETHER THE ACTION IS FRAMED IN CONVERSION, REPLEVIN, CONSTRUCTIVE TRUST, EQUITABLE LIEN OR OTHER THEORY.
AN ACTION MAY NOT BE ASSERTED AGAINST A QUALIFYING PURCHASER BASED ON BOTH A PURCHASE BY THE QUALIFYING PURCHASER OF A CONTROLLABLE ELECTRONIC RECORD AND A CLAIM OF A PROPERTY RIGHT IN ANOTHER CONTROLLABLE - 103 - H.B.
2770 ELECTRONIC RECORD, WHETHER THE ACTION IS FRAMED IN CONVERSION, REPLEVIN, CONSTRUCTIVE TRUST, EQUITABLE LIEN OR OTHER THEORY.
- 104 - HB 2770 D.
- 104 - H.B.
2770 D.
- 105 - HB 2770 C.
- 105 - H.B.
2770 C.
SUBJECT TO SUBSECTION H OF THIS SECTION, AN ACCOUNT DEBTOR MAY NOT WAIVE OR VARY ITS RIGHTS UNDER SUBSECTION D, PARAGRAPH 1 OF THIS - 106 - HB 2770 SECTION AND SUBSECTION E OF THIS SECTION OR ITS OPTION UNDER SUBSECTION D, PARAGRAPH 3 OF THIS SECTION.
SUBJECT TO SUBSECTION H OF THIS SECTION, AN ACCOUNT DEBTOR MAY NOT WAIVE OR VARY ITS RIGHTS UNDER SUBSECTION D, PARAGRAPH 1 OF THIS - 106 - H.B.
2770 SECTION AND SUBSECTION E OF THIS SECTION OR ITS OPTION UNDER SUBSECTION D, PARAGRAPH 3 OF THIS SECTION.
- 107 - HB 2770 D.
- 107 - H.B.
2770 D.
SAVING CLAUSE EXCEPT AS PROVIDED IN ARTICLE 3 OF THIS CHAPTER, A TRANSACTION VALIDLY ENTERED INTO BEFORE THE EFFECTIVE DATE OF THIS SECTION AND THE RIGHTS, DUTIES AND INTERESTS FLOWING FROM THE TRANSACTION REMAIN VALID THEREAFTER AND MAY BE TERMINATED, COMPLETED, CONSUMMATED OR ENFORCED AS - 108 - HB 2770 REQUIRED OR PERMITTED BY LAW OTHER THAN THIS TITLE OR, IF APPLICABLE, THIS TITLE AS IT EXISTED BEFORE THE EFFECTIVE DATE OF THIS SECTION.
SAVING CLAUSE EXCEPT AS PROVIDED IN ARTICLE 3 OF THIS CHAPTER, A TRANSACTION VALIDLY ENTERED INTO BEFORE THE EFFECTIVE DATE OF THIS SECTION AND THE RIGHTS, DUTIES AND INTERESTS FLOWING FROM THE TRANSACTION REMAIN VALID THEREAFTER AND MAY BE TERMINATED, COMPLETED, CONSUMMATED OR ENFORCED AS - 108 - H.B.
2770 REQUIRED OR PERMITTED BY LAW OTHER THAN THIS TITLE OR, IF APPLICABLE, THIS TITLE AS IT EXISTED BEFORE THE EFFECTIVE DATE OF THIS SECTION.
AND - 109 - HB 2770 3.
AND - 109 - H.B.
2770 3.
ON THE ADJUSTMENT DATE, TO THE EXTENT THE PRIORITIES DETERMINED BY CHAPTER 9 OF THIS TITLE AS AMENDED IN 2023 MODIFY THE PRIORITIES - 110 - HB 2770 ESTABLISHED BEFORE THE EFFECTIVE DATE OF THIS SECTION, THE PRIORITIES OF CLAIMS TO CHAPTER 12 PROPERTY AND ELECTRONIC MONEY ESTABLISHED BEFORE THE EFFECTIVE DATE OF THIS SECTION CEASE TO APPLY.
ON THE ADJUSTMENT DATE, TO THE EXTENT THE PRIORITIES DETERMINED BY CHAPTER 9 OF THIS TITLE AS AMENDED IN 2023 MODIFY THE PRIORITIES - 110 - H.B.
2770 ESTABLISHED BEFORE THE EFFECTIVE DATE OF THIS SECTION, THE PRIORITIES OF CLAIMS TO CHAPTER 12 PROPERTY AND ELECTRONIC MONEY ESTABLISHED BEFORE THE EFFECTIVE DATE OF THIS SECTION CEASE TO APPLY.
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Action History

  1. DP

  2. House Placed on Consent Calendar

  3. DP

  4. House Second Reading

  5. House First Reading.

Sponsors

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 92 not signed on

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (92)

92 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Votes

Subjects

finance
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

Who sponsors HB 2770?
HB 2770 is sponsored by Justin Wilmeth (Republican).
What is the current status of HB 2770?
This bill died with 56th Legislature - First Regular Session. It reached “Passed House” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track HB 2770?
Track HB 2770 free on One Click Politics — get push/email alerts when it moves.

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