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Who cares
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Sponsors
No co-sponsors yet.
History
- Referred to judiciary
- Delivered to assembly
- Passed senateVote 62–0
- Ordered to third reading cal.1837
- Committee discharged and committed to rules
- Referred to judiciary
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
Title of bill
An act to amend the uniform commercial code, the civil practice law and rules, the lien law, the general obligations law, the banking law, the general business law, the arts and cultural affairs law and the personal property law, in relation to making technical corrections to conform with revisions to the uniform commercial code
Purpose
To fix cross-references in several sections of law. These corrections are needed to address renumbering changes that were made by a 2014 law.
Summary and justification
Legislation was enacted in 2014 which modernized Articles 1, 7 and 9 of the Uniform Commercial Code (see Chapter 505 of 2014). These extensive changes included the repeal and renumbering of several sections of the Uniform Commercial Code.
However, there are other sections of state law which currently contain cross-references to those articles of the Uniform Commercial Code. These cross-references are now out of date and refer to incorrect sections.
This bill amends and fixes those cross-references so that they refer to the correct sections of the UCC. This bill is necessary to ensure clarity and certainty.
Fiscal implications
None
Effective date
Immediately
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.