All Uniform Commercial Code Legislation - Tennessee
HB3949
Latest Action: 05/23/2008 - Companion became Public Chapter 930 Bill Text Companion Bill SB3993. Uniform Commercial Code - Revises Article 1 of the Uniform Commercial Code. - Amends TCA Title 47. Fiscal Summary for HB3949 / *SB3993MINIMAL Bill Summary for HB3949 / *SB3993 This bill revises the Tennessee version of the Uniform Commercial Code (UCC) dealing with general provisions (Article 1). Most of the changes are of a technical, non-substantive nature. The more significant of the changes are described below. This bill clarifies that the substantive rules of Article 1 apply only to transactions within the scope of other articles of the UCC. Present law requires that an agreement be in writing and be signed by the party seeking enforcement in specified contracts for the sale of goods, securities, or security agreements. Present law also requires that a contract for the sale of personal property that [...] show full description Comment on Bill HB3950
Latest Action: 05/08/2008 - Public Chapter 814 Bill Text Companion Bill SB3994. Uniform Commercial Code - Revises Article 7 of the Uniform Commercial Code concerning documents of title. - Amends and repeal portions of TCA Title 47, Chapter 7. Fiscal Summary for HB3950 / *SB3994MINIMAL Bill Summary for HB3950 / *SB3994 This bill revises the Tennessee version of the Uniform Commercial Code (UCC) dealing with documents of title (Article 7). This bill distinguishes between tangible and electronic documents of title and makes other changes. Present law does not provide for an electronic document of title. "Document of title" means a document that in the regular course of business or financing is treated as adequately evidencing that the person in possession of the document is entitled to receive, hold, and dispose of the document and the goods the document covers and includes a bill of lading, dock [...] show full description SB3993
Latest Action: 05/23/2008 - Public Chapter 930 Bill Text Companion Bill HB3949. Uniform Commercial Code - Revises Article 1 of the Uniform Commercial Code. - Amends TCA Title 47. Fiscal Summary for *SB3993 / HB3949MINIMAL Bill Summary for *SB3993 / HB3949 This bill revises the Tennessee version of the Uniform Commercial Code (UCC) dealing with general provisions (Article 1). Most of the changes are of a technical, non-substantive nature. The more significant of the changes are described below. This bill clarifies that the substantive rules of Article 1 apply only to transactions within the scope of other articles of the UCC. Present law requires that an agreement be in writing and be signed by the party seeking enforcement in specified contracts for the sale of goods, securities, or security agreements. Present law also requires that a contract for the sale of personal property that [...] show full description SB3994
Latest Action: 05/08/2008 - Companion became Public Chapter 814 Bill Text Companion Bill HB3950. Uniform Commercial Code - Revises Article 7 of the Uniform Commercial Code concerning documents of title. - Amends and repeal portions of TCA Title 47, Chapter 7. Fiscal Summary for *SB3994 / HB3950MINIMAL Bill Summary for *SB3994 / HB3950 This bill revises the Tennessee version of the Uniform Commercial Code (UCC) dealing with documents of title (Article 7). This bill distinguishes between tangible and electronic documents of title and makes other changes. Present law does not provide for an electronic document of title. "Document of title" means a document that in the regular course of business or financing is treated as adequately evidencing that the person in possession of the document is entitled to receive, hold, and dispose of the document and the goods the document covers and includes a bill of lading, dock [...] show full description HB3709
Latest Action: 04/15/2008 - Companion became Public Chapter 686 Bill Text Uniform Commercial Code - Increases from 20 to 30 days the time period for filing a financing statement after debtor receives collateral. - Amends TCA Title 47, Chapter 9. Fiscal Summary for HB3709 / *SB3168MINIMAL HB3734
Latest Action: 04/04/2008 - Companion became Public Chapter 648 Bill Text Companion Bill SB3732. Uniform Commercial Code - Modifies certain provisions concerning filing under the UCC. - Amends TCA Title 47, Chapter 9, Part 5. Fiscal Summary for HB3734 / *SB3732MINIMAL Bill Summary for HB3734 / *SB3732 This bill revises various provisions governing UCC filings, as follows: (1) Under present law, a financing statement must sufficiently provide the name of the debtor. This requirement is considered fulfilled in the case of a registered organization only if the financing statement provides the name of the debtor "indicated on the public record of the debtor's jurisdiction of organization which shows the debtor to have been organized." This bill revises this provision to clarify that the requirement is met if the financing statement provides the name of the debtor "indicated on the debtor's formation documents that [...] show full description Latest Action: 04/15/2008 - Companion became Public Chapter 677 Bill Text Companion Bill SB3413. Banks and Financial Institutions - Authorizes sale of abandoned property in safe deposit box by method approved by commissioner of financial institutions or under the UCC; updates statutory citation concerning sales under UCC. - Amends TCA Title 45, Chapter 2. Fiscal Summary for HB3613 / *SB3413Increase State Expenditures - Not Significant Bill Summary for HB3613 / *SB3413 ON FEBRUARY 11, 2008, THE SENATE ADOPTED AMENDMENT #1 AND PASSED SENATE BILL 3413, AS AMENDED. AMENDMENT #1 removes from this bill authorization to sell abandoned property in a safe deposit box by a method approved by the state treasurer. Under this amendment, abandoned property in a safe deposit box may be sold in a manner authorized by the commissioner of financial institutions or pursuant to the Uniform Commercial Code. SB3732
Latest Action: 04/04/2008 - Public Chapter 648 Bill Text Companion Bill HB3734. Uniform Commercial Code - Modifies certain provisions concerning filing under the UCC. - Amends TCA Title 47, Chapter 9, Part 5. Fiscal Summary for *SB3732 / HB3734MINIMAL Bill Summary for *SB3732 / HB3734 This bill revises various provisions governing UCC filings, as follows: (1) Under present law, a financing statement must sufficiently provide the name of the debtor. This requirement is considered fulfilled in the case of a registered organization only if the financing statement provides the name of the debtor "indicated on the public record of the debtor's jurisdiction of organization which shows the debtor to have been organized." This bill revises this provision to clarify that the requirement is met if the financing statement provides the name of the debtor "indicated on the debtor's formation documents that [...] show full description SB3413
Latest Action: 04/15/2008 - Public Chapter 677 Bill Text Companion Bill HB3613. Banks and Financial Institutions - Authorizes sale of abandoned property in safe deposit box by method approved by commissioner of financial institutions or under the UCC; updates statutory citation concerning sales under UCC. - Amends TCA Title 45, Chapter 2. Fiscal Summary for *SB3413 / HB3613Increase State Expenditures - Not Significant Bill Summary for *SB3413 / HB3613 ON FEBRUARY 11, 2008, THE SENATE ADOPTED AMENDMENT #1 AND PASSED SENATE BILL 3413, AS AMENDED. AMENDMENT #1 removes from this bill authorization to sell abandoned property in a safe deposit box by a method approved by the state treasurer. Under this amendment, abandoned property in a safe deposit box may be sold in a manner authorized by the commissioner of financial institutions or pursuant to the Uniform Commercial Code. SB3676
Latest Action: 03/17/2008 - Withdrawn. Bill Text Uniform Commercial Code - Creates a broad safe harbor for the use of a debtor's name in a financing statement. - Amends TCA Title 47, Chapter 9, Part 5. Fiscal Summary for *SB3676MINIMAL Bill Summary for *SB3676 This bill revises various provisions governing UCC filings, as follows: (1) Under present law, a financing statement must sufficiently provide the name of the debtor. This requirement is considered fulfilled in the case of a registered organization only if the financing statement provides the name of the debtor "indicated on the public record of the debtor's jurisdiction of organization which shows the debtor to have been organized." This bill revises this provision to clarify that the requirement is met if the financing statement provides the name of the debtor "indicated on the debtor's formation documents that are filed of public record in the debtor's jurisdiction of organization to create the registered organization [...] show full description SB3168
Latest Action: 04/15/2008 - Public Chapter 686 Bill Text Uniform Commercial Code - Increases from 20 to 30 days the time period for filing a financing statement after debtor receives collateral. - Amends TCA Title 47, Chapter 9. Fiscal Summary for *SB3168 / HB3709MINIMAL HB2086
Latest Action: 06/20/2008 - Companion became Public Chapter 1109 Bill Text Companion Bill SB0372. Uniform Commercial Code - Revises the procedure for establishing a debtor's name on a financing statement. - Amends TCA Title 47, Chapter 9. Fiscal Summary for HB2086 / *SB0372MINIMAL Bill Summary for HB2086 / *SB0372 Present law requires a secured party that disposes of collateral to send to specified persons, including the debtor, a reasonable authenticated notification of disposition. Present law, however, does not state expressly whether notice of disposition that is not received by the intended recipient may be considered reasonable for these purposes. This bill specifies that a secured party will be considered to have complied with the notice provisions in a commercially reasonable manner if the record or notification is sent, regardless of whether or not such notice is actually received. Present [...] show full description HB1627
Latest Action: 04/11/2007 - Companion became Public Chapter 10 Bill Text Uniform Commercial Code - Changes time within which purchase-money security interest must be perfected in order for a perfected security interest in its identifiable good to have priority so that perfection must occur when the debtor receives possession of the collateral or within 30, instead of 20, days thereafter. - Amends TCA Title 47, Chapter 9. Fiscal Summary for HB1627 / *SB0426MINIMAL HB1699
Latest Action: 02/21/2007 - Passed second consideration, caption bill, held on desk - pending amdt. Bill Text Uniform Commercial Code - Increases from 30 to 45 days time period after notice in which warehouseman may remove stored goods. - Amends TCA Title 47. Fiscal Summary for HB1699 / *SB1863MINIMAL SB0936
Latest Action: 06/01/2007 - Companion became Public Chapter 241 Bill Text Companion Bill HB0592. Uniform Commercial Code - Applies the inferred fraudulent intent standard from the criminal provisions relating to use of worthless checks to the civil provisions governing bad checks. - Amends TCA Section 39-14-121 and Section 47-29-101. Fiscal Summary for SB0936 / *HB0592Increase State Revenues - Not Significant Increase State Expenditures - $863,600 / Incarceration* Increase Local Govt. Revenues - Not Significant Increase Local Govt. Expenditures - Not Significant Bill Summary for SB0936 / *HB0592 Under present law, a person who is found in a civil action to have written a bad check is liable to the holder of the check for: (1) The face amount of the check dishonored; (2) Interest at the rate of 10 percent per annum on the face amount or the remaining unpaid balance of the check or draft from the [...] show full description SB1863
Latest Action: 03/02/2007 - Assigned to Gen. Sub of Senate C,L&A Comm. Bill Text Uniform Commercial Code - Increases from 30 to 45 days time period after notice in which warehouseman may remove stored goods. - Amends TCA Title 47. Fiscal Summary for *SB1863 / HB1699MINIMAL SB1582
Latest Action: 04/24/2007 - Assigned to Gen. Sub of: Senate C,L&A Comm. Bill Text Short Term Loans and Lenders - Eliminates exception on property pledge transactions that lien not be noted on title. - Amends TCA Title 45, Chapter 15, Part 1; Title 47, Chapter 9 and Title 55, Chapter 3. Fiscal Summary for SB1582 / *HB0683Increase Local Govt. Revenues - Not Significant Increase Local Govt. Expenditures - Not Significant HB0592
Latest Action: 06/01/2007 - Public Chapter 241 Bill Text Companion Bill SB0936. Uniform Commercial Code - Applies the inferred fraudulent intent standard from the criminal provisions relating to use of worthless checks to the civil provisions governing bad checks. - Amends TCA Section 39-14-121 and Section 47-29-101. Fiscal Summary for *HB0592 / SB0936Increase State Revenues - Not Significant Increase State Expenditures - $863,600 / Incarceration* Increase Local Govt. Revenues - Not Significant Increase Local Govt. Expenditures - Not Significant Bill Summary for *HB0592 / SB0936 Under present law, a person who is found in a civil action to have written a bad check is liable to the holder of the check for: (1) The face amount of the check dishonored; (2) Interest at the rate of 10 percent per annum on the face amount or the remaining unpaid balance of the check or draft from the [...] show full description HB0683
Latest Action: 04/24/2007 - Taken Off Notice For Calendar in Subcommittee Utilities, Banking and Small Business of Commerce of Commerce Committee Bill Text Short Term Loans and Lenders - Eliminates exception on property pledge transactions that lien not be noted on title. - Amends TCA Title 45, Chapter 15, Part 1; Title 47, Chapter 9 and Title 55, Chapter 3. Fiscal Summary for *HB0683 / SB1582Increase Local Govt. Revenues - Not Significant Increase Local Govt. Expenditures - Not Significant SB0372
Latest Action: 06/20/2008 - Public Chapter 1109 Bill Text Companion Bill HB2086. Uniform Commercial Code - Revises the procedure for establishing a debtor's name on a financing statement. - Amends TCA Title 47, Chapter 9. Fiscal Summary for *SB0372 / HB2086MINIMAL Bill Summary for *SB0372 / HB2086 Present law requires a secured party that disposes of collateral to send to specified persons, including the debtor, a reasonable authenticated notification of disposition. Present law, however, does not state expressly whether notice of disposition that is not received by the intended recipient may be considered reasonable for these purposes. This bill specifies that a secured party will be considered to have complied with the notice provisions in a commercially reasonable manner if the record or notification is sent, regardless of whether or not such notice is actually received. Present [...] show full description SB0426
Latest Action: 04/11/2007 - Public Chapter 10 Bill Text Uniform Commercial Code - Changes time within which purchase-money security interest must be perfected in order for a perfected security interest in its identifiable good to have priority so that perfection must occur when the debtor receives possession of the collateral or within 30, instead of 20, days thereafter. - Amends TCA Title 47, Chapter 9. Fiscal Summary for *SB0426 / HB1627MINIMAL |
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