VA SB51 | 2012 | Regular Session
Status
Completed Legislative Action
March 7 2012 - Governor: Acts of Assembly Chapter text (CHAP0155)
Text: Latest bill text (Chaptered) [HTML]
March 7 2012 - Governor: Acts of Assembly Chapter text (CHAP0155)
Text: Latest bill text (Chaptered) [HTML]
Summary
Uniform Commercial Code; secured transactions. Incorporates amendments to the secured transactions title of the Uniform Commercial Code that have been adopted by the National Conference of Commissioners on Uniform State Laws. The amended sections (i) update certain definitions; (ii) incorporate safe harbor provisions for electronic chattel paper under the Uniform Electronic Actions Act; (iii) amend the laws of perfection and priority to increase the likelihood that a security interest will be perfected under certain conditions; (iv) set out the sufficiency requirements for a financing statement to provide the name of the debtor; (v) delete prescribed forms for financing statements; and (vi) provide technical amendments and transition provisions. The measure takes effect on July 1, 2013.
Title
Uniform Commercial Code; secured transactions.
Sponsors
Roll Calls
2012-02-21 - House: VOTE: BLOCK VOTE PASSAGE (100-Y 0-N) (Y: 102 N: 0 NV: 0 Abs: 0) [PASS]
2012-02-16 - House: Reported from Commerce and Labor (22-Y 0-N) (Y: 23 N: 0 NV: 0 Abs: 0) [PASS]
2012-01-27 - Senate: Read third time and passed Senate (39-Y 0-N) (Y: 39 N: 0 NV: 1 Abs: 0) [PASS]
2012-01-25 - Senate: Constitutional reading dispensed (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2012-01-23 - Senate: Reported from Commerce and Labor with amendment (15-Y 0-N) (Y: 15 N: 0 NV: 0 Abs: 0) [PASS]
2012-02-16 - House: Reported from Commerce and Labor (22-Y 0-N) (Y: 23 N: 0 NV: 0 Abs: 0) [PASS]
2012-01-27 - Senate: Read third time and passed Senate (39-Y 0-N) (Y: 39 N: 0 NV: 1 Abs: 0) [PASS]
2012-01-25 - Senate: Constitutional reading dispensed (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2012-01-23 - Senate: Reported from Commerce and Labor with amendment (15-Y 0-N) (Y: 15 N: 0 NV: 0 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2012-03-07 | Governor: Acts of Assembly Chapter text (CHAP0155) | |
| 2012-03-07 | Governor: Approved by Governor-Chapter 155 (effective 7/1/13) | |
| 2012-02-23 | House: Signed by Speaker | |
| 2012-02-23 | Senate: Signed by President | |
| 2012-02-23 | Senate: Bill text as passed Senate and House (SB51ER) | |
| 2012-02-23 | Senate: Enrolled | |
| 2012-02-21 | House: VOTE: BLOCK VOTE PASSAGE (100-Y 0-N) | |
| 2012-02-21 | House: Passed House BLOCK VOTE (100-Y 0-N) | |
| 2012-02-21 | House: Read third time | |
| 2012-02-20 | House: Read second time | |
| 2012-02-16 | House: Reported from Commerce and Labor (22-Y 0-N) | |
| 2012-02-13 | House: Referred to Committee on Commerce and Labor | |
| 2012-02-13 | House: Read first time | |
| 2012-02-13 | House: Placed on Calendar | |
| 2012-01-27 | Senate: Read third time and passed Senate (39-Y 0-N) | |
| 2012-01-26 | Senate: Printed as engrossed 12101064D-E | |
| 2012-01-26 | Senate: Engrossed by Senate as amended SB51E | |
| 2012-01-26 | Senate: Committee amendment agreed to | |
| 2012-01-26 | Senate: Reading of amendment waived | |
| 2012-01-26 | Senate: Read second time | |
| 2012-01-25 | Senate: Constitutional reading dispensed (40-Y 0-N) | |
| 2012-01-23 | Senate: Reported from Commerce and Labor with amendment (15-Y 0-N) | |
| 2012-01-04 | Senate: Referred to Committee on Commerce and Labor | |
| 2012-01-04 | Senate: Prefiled and ordered printed; offered 01/11/12 12101064D |
