03/31/1993 05:00 PM House ECO

  SB 112 UNIFORM COMMERCIAL CODE REVISIONS                                     
  SB  86 FUND TRANSFERS UNDER THE UCC                                          
                                                                               
  Number 334                                                                   
                                                                               
  CHAIR MACLEAN next discussed SB 112, which updated the                       
  Uniform Commercial Code (UCC) relating to leasing, financial                 
  terminology, certain commercial transactions and other                       
  provisions to bring the UCC in line with other states.                       
                                                                               
  Number 350                                                                   
                                                                               
  CHAIR MACLEAN also discussed SB 86, which updated the                        
  Uniform Commercial Code relating to electronic funds                         
  transfers and addressed questions of responsibility and                      
  liability during the various stages of electronic funds                      
  transfers.                                                                   
                                                                               
  Number 375                                                                   
                                                                               
  REPRESENTATIVE VEZEY said there was no advantage in co-                      
  sponsoring these two complex commercial bills because he was                 
  confident they would "wind their way through the system"                     
  anyway.                                                                      
                                                                               
  (CHAIR MACLEAN did not officially announce the committee's                   
  decision.  The committee aide later confirmed that the                       
  committee would not be co-sponsoring the bills.)