Kentucky 2022 Regular Session Status: In Committee 1 R cosponsors

SB 67 — AN ACT relating to the Uniform Commercial Code.

Last action — to Judiciary (S)

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

This bill died with 2022 Regular Session. It reached “In Committee” 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This bill is no longer active — its legislative session has ended, so there is no live prognosis.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.

Summary

Establish a new Article 12 of KRS Chapter 355, titled "Controllable Electronic Records"; establish definitions, scope, purchaser rights, debtor discharge obligations, control requirements, and jurisdictional rules relating to controllable electronic records; amend KRS 355.3-104, 355.3-105, and 355.3-604 to modify requirements relating to instruments; amend KRS 355.1-201 and 355.9-102 to make various definitional revisions and conforming amendments; amend KRS 355.4-406 to modify bank statement of account requirements; amend KRS 355.4A-103, 355.4A-201, 355.4A-202, 355.4A-203, 355.4A-207, 355.4A-208, 355.4A-210, and 355.4A-211 to modify definitions, security procedure requirements, payment order requirements, and documentation requirements relating to funds transfers; amend KRS 355.5-102 to establish a definition for "signed"; repeal and reenact KRS 355.7-106 and 355.9-105, and create new sections of Article 9 of KRS Chapter 355, to establish control requirements for an electronic copy of a document of title, a record evidencing chattel paper, intangible money, controllable accounts, and controllable payment intangibles; amend KRS 355.9-301 to establish jurisdictional rules for tangible records evidencing chattel paper; create a new section of Article 9 of KRS Chapter 355 to establish perfection and priority jurisdictional rules for controllable electronic records; amend KRS 355.9-203, 355.9-207, 355.9-208, 355.9-308, 355.9-310, 355.9-312, 355.9-316, 355.9-317, 355.9-330, 355.9-332, 355.9-406, 355.9-605, and 355.9-628, and create new sections of Article 9 of KRS Chapter 355, to govern security interests in controllable electronic records, intangible money, and chattel paper; amend KRS 355.1-204, 355.2A-103, 355.8-103, 355.9-313, 355.9-314, 355.9-331, 355.9-338, 355.9-601, 367.976, and 369.116 to conform; make technical corrections throughout.

Bill Text

Action History

  1. to Judiciary (S)

  2. to Committee on Committees (S)

  3. introduced in Senate

Sponsors

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 137 not signed on

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (137)

137 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

Subjects

finance technology
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

What does SB 67 do?
Establish a new Article 12 of KRS Chapter 355, titled "Controllable Electronic Records"; establish definitions, scope, purchaser rights, debtor discharge obligations, control requirements, and jurisdictional rules relating to controllable electronic records; amend KRS 355.3-104, 355.3-105, and 355.3-604 to modify requirements relating to instruments; amend KRS 355.1-201 and 355.9-102 to make various definitional revisions and conforming amendments; amend KRS 355.4-406 to modify bank statement of account requirements; amend KRS 355.4A-103, 355.4A-201, 355.4A-202, 355.4A-203, 355.4A-207, 355.4A-208, 355.4A-210, and 355.4A-211 to modify definitions, security procedure requirements, payment order requirements, and documentation requirements relating to funds transfers; amend KRS 355.5-102 to establish a definition for "signed"; repeal and reenact KRS 355.7-106 and 355.9-105, and create new sections of Article 9 of KRS Chapter 355, to establish control requirements for an electronic copy of a document of title, a record evidencing chattel paper, intangible money, controllable accounts, and controllable payment intangibles; amend KRS 355.9-301 to establish jurisdictional rules for tangible records evidencing chattel paper; create a new section of Article 9 of KRS Chapter 355 to establish perfection and priority jurisdictional rules for controllable electronic records; amend KRS 355.9-203, 355.9-207, 355.9-208, 355.9-308, 355.9-310, 355.9-312, 355.9-316, 355.9-317, 355.9-330, 355.9-332, 355.9-406, 355.9-605, and 355.9-628, and create new sections of Article 9 of KRS Chapter 355, to govern security interests in controllable electronic records, intangible money, and chattel paper; amend KRS 355.1-204, 355.2A-103, 355.8-103, 355.9-313, 355.9-314, 355.9-331, 355.9-338, 355.9-601, 367.976, and 369.116 to conform; make technical corrections throughout.
Who sponsors SB 67?
SB 67 is sponsored by Brandon Smith (Republican).
What is the current status of SB 67?
This bill died with 2022 Regular Session. It reached “In Committee” 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 SB 67?
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