Bill Title: Amends and adds to existing law relating to secured transactions to revise definitions, to define terms; to revise control of electronic chattel paper; to revise the location of certain registered organizations, to revise an exception to a financing statement and filing requirement; to provide for the effect on a filed financing statement of change in governing law; to revise terminology, to revise when certain persons take free of a security interest in certain collateral; to revise when a security interest created by a new debtor is subordinated and to revise an exception; to revise the application of certain terms restricting certain assignments; to revise the application of certain terms restricting certain assignments; and revising and adding to other laws relating to secured transactions.

Spectrum: Committee Bill

Status: (Passed) 2012-03-27 - Governor signed Session Law Chapter 145 Effective: 07/01/13 [S1307 Detail]

Text: Latest bill text (Introduced) [PDF]

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