ULC will host a series of webinars on Uniform Law Amendments

The Uniform Law Commission has scheduled a series of webinars on the new Uniform Law Amendments. Part I will focus on digital assets and will be held on August 31.

New UCC Article 12 provides rules to govern commercial transactions involving new types of digital assets, including virtual currencies, non-fungible tokens (“NFTs”) and what are functionally electronic promissory notes and electronic bills of exchange. Amendments to Article 9 of the UCC will clarify how digital assets can be used as collateral in lending transactions and how security interests in digital assets can be perfected and given priority. The changes address fiat e-money, such as future central bank digital currencies, and new choice of law rules will specify which state law applies to a given transaction.

For more information and to register go to: https://www.uniformlaws.org/newsandpublications/webinars