HI SB352

Implements 2022 Uniform Commercial Code amendments to Hawaii law, including new provisions for electronic money, controllable electronic records, and controllable accounts/payment intangibles

Creates Article A governing controllable electronic records with rules for control, rights of purchasers, and discharge of account debtors

Establishes Article B transitional provisions with an "adjustment date" (July 1, 2025 or one year after enactment) for security interests to comply with new perfection and priority rules

Adds new sections 490:9-A through 490:9-G establishing control and priority rules for electronic money, chattel paper with electronic copies, and controllable accounts/records/payment intangibles

Updates definitions in Article 1 to clarify terms like "record," "signed," "electronic," and "money" to accommodate digital assets and modernizes commercial code for electronic transactions