UT HB0474

Amends Utah's Uniform Commercial Code to update provisions governing commercial transactions, including sales, leases, negotiable instruments, and secured transactions

Modernizes language and definitions to align with current business practices and technological developments in commercial law

Clarifies rules for electronic records and signatures in commercial transactions to reflect digital commerce standards

Harmonizes Utah's commercial code with uniform laws adopted by other states to facilitate interstate business transactions

Makes technical corrections and conforming amendments throughout the existing UCC provisions