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HI SB2444

Bill

Official Source

Status

Engrossed

3/6/2012

Primary Sponsor

Rosalyn Baker

Click for details

Origin

Senate

2012 Regular Session

AI Summary

  • Implements amendments to Article 9 of the Uniform Commercial Code as developed by the Commission to Promote Uniform Legislation
  • Clarifies naming requirements for individual debtors on financing statements and improves the filing system for financing statements
  • Provides greater protection for secured parties with security interests in after-acquired property when a debtor relocates or merges
  • Aligns Hawaii's Article 9 provisions with those adopted in other jurisdictions to prevent conflicts and confusion in interstate transactions
  • Recommended for passage by the Senate Committee on Judiciary and Labor

Legislative Description

Uniform Commercial Code; Secured Transactions

Last Action

(H) Referred to CPC/JUD, FIN, referral sheet 41

3/8/2012

Committee Referrals

Judiciary and Labor2/7/2012
Commerce and Consumer Protection1/23/2012

Full Bill Text

No bill text available