Since 2019, a committee appointed by the American Law Institute and the Uniform Law Commission, the sponsoring organizations of the Uniform Commercial Code, has been formulating amendments to the UCC to address emerging technological developments including those relating to digital assets and virtual currencies. This program summarized the initial draft of the amendments as presented to the Uniform Law Commission at the Commission’s annual meeting in July of 2021.
The current plan is for the amendments to be finalized over the next year with a view to obtaining approval of the American Law Institute in May of 2022 and of the Uniform Law Commission in July of 2022 and the amendments then being offered for enactment by the states.
The presenters have been active members of the committee. They highlighted provisions of the proposed amendments relevant to LSTA members and invited comments to assist the committee.
Thursday, September 9, 2021
4PM to 5:15PM (ET) | Webcast Only
Presentation & Replay | Now Available | Scroll Down to View
- Steven L. Harris, Professor of Law, Chicago-Kent College of Law
- Edwin E. Smith, Partner, Morgan, Lewis & Bockius LLP
- Steven O. Weise, Partner, Proskauer Rose LLP
- Bridget Marsh, EVP & Deputy General Counsel, LSTA, Intro