A10579 · 2023–2024
Amends the Uniform Commercial Code to provide for emerging technologies
In committee Judiciary Committee
Adopts the Uniform Law Commission's 2022 amendments to the Uniform Commercial Code to address emerging technologies, updating commercial-transaction rules for virtual currencies, distributed-ledger technology (including blockchain), and artificial intelligence. (Auto-generated summary)
Official record
Official summary · NYS Open LegislationIncorporates the 2022 Uniform Law Commission recommended amendments to the Uniform Commercial Code to provide for emerging technologies; addresses emerging technologies, providing updated rules for commercial transactions involving virtual currencies, distributed ledger technologies (including blockchain), artificial intelligence, and other technological developments.
What it does: AN ACT to amend the uniform commercial code, in relation to addressing emerging technologies
Legislative history
- 2024-06-20Assembly: REFERRED TO JUDICIARY