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How The 2022 Amendments to the Uniform Commercial Code

How the 2022 Amendments to the Uniform Commercial Code Will Affect Your Practice (OnDemand)
Originally held on Tuesday, June 6, 2023 | 6:00pm-8:05pm
 

Description:
In July 2022, the Uniform Law Commission, in partnership with the American Law Institute, approved and recommended for enactment in all states the 2022 Amendments to the Uniform Commercial Code. By April 2023, 24 states and the District of Columbia had already introduced bills to enact the amendments, and the amendments had become law in two states. While the most important amendment is the introduction of a new Article 12 (Controllable Electronic Records), there are also key amendments to Article 8 and Article 9 that attorneys should understand. Three key benefits or skills attendees will gain from attending include: (1) a clear understanding of the how the concept of controllable electronic records will affect transactions within the scope of Article 12; (2) a clear understanding of the interplay between Article 12 and Article 9 and how this interplay will clarify how to perfect certain transactions governed by Article 12 and Article 9; and (3) a clear understanding of the interplay between Article 8 and Article 9.

The panel will also discuss the importance of the proposed UCC Amendments to asset managers investing in digital assets. This part of the discussion will cover both the increased flexibility asset managers will have to finance portfolios of digital assets, or to make loans secured by digital asset collateral, as well as the increased protection against adverse claims they will have as purchasers of digital assets. In addition, the discussion will cover the interplay of the proposed UCC Amendments and the SEC’s recently proposed Safeguarding Rule relating to custody of assets by registered investment advisers.

Related Report:
Support of Enacting New York Version of ‘Emerging Technology Amendments’ to the Uniform Commercial Code
 
Click Here to View Program Agenda & Faculty

Program Fee:
Members $199 | Non-Members $299
This program is free to Members who are  Recent Law Graduates, Newly Admitted Lawyers (admitted for the first time in 2021-2023), In-House Counsel, Judges, or Attorneys  in  Government, Academic or Not-for-Profit sectors.

For New York Attorneys: Newly admitted attorneys (those admitted to the New York State Bar for two years or less) may participate in Skills CLE courses in  live, nontraditional formats, where questions are allowed during the program (through June 30, 2023 per recent guidance of the CLE Board – for more information, click here).  

CLE Credit:
New York: 2.5 Professional Practice
New Jersey: 2.5 General
California: 2.0 General
Pennsylvania: 2.0 General
Connecticut: Available to Licensed Attorneys

Program Co-Chairs:
Curt C. Mechling, Chair, Commercial Law & Uniform State Laws Committee, Of Counsel, Stroock & Stroock & Lavan LLP
Jerome Walker, Co-Chair, Task Force on Digital Technologies, Partner, Jerome Walker PLLC

Sponsoring Association Committees:  
Commercial Law & Uniform State Laws, Curt Mechling, Chair   
Task Force on Digital Technologies, Lorraine McGowen, Edward So and Jerome Walker, Co-Chairs 

Related Resources:
Support of Enacting New York Version of ‘Emerging Technology Amendments’ to the Uniform Commercial Code
New York Emerging Technologies Amendments to the UCC Talking Points & Resources 
Uniform Law Commission’s 2022 Amendments to the UCC Resources
 
 


Where
New York City Bar 42 West 44th St New York, NY 10036


Tuesday, 06 June 2023

Description

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