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New York Enacts 2022 UCC Amendments, Including Article 12 and Related Article 9 Revisions

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Governor Hochul of New York signed Assembly Bill 3307-A/Senate Bill 1840-A into law, enacting 2022 Uniform Commercial Code amendments, including a new Article 12 governing controllable electronic records and related revisions to Article 9. The legislation was signed on December 8th, bringing New York into alignment with the modern UCC framework for secured transactions involving digital assets….
By: Lowenstein Sandler LLP

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