Loading chat...
ND SB2364
Bill
Status
1/27/2025
Primary Sponsor
Mark Enget
Click for details
AI Summary
-
Legislative management shall conduct a study during the 2025-26 interim on property rights of entitlement holders in Uniform Commercial Code (UCC) transactions
-
Study must examine jurisdiction for disputes between entitlement holders and securities intermediaries
-
Review required of UCC provisions, specifically Article 8, and how state and federal law interact regarding personal property ownership
-
Input must be sought from relevant stakeholders, including securities intermediaries
-
Findings, recommendations, and any proposed legislation must be reported to the 70th Legislative Assembly
Legislative Description
A BILL for an Act to provide for a legislative management study relating to the property rights of entitlement holders in Uniform Commercial Code transactions.
Last Action
Second reading, failed to pass, yeas 20 nays 27
2/24/2025