Chris Garten
- Republican
- Senator
- District 45
Author
Adds a new chapter to the Uniform Commercial Code (UCC) that governs transactions involving controllable electronic records and that does the following: (1) Defines "controllable electronic records". (2) Establishes the following: (A) The extent to which a purchaser acquires rights and interests in controllable electronic records. (B) The circumstances under which a qualifying purchaser acquires rights in a controllable electronic record free of any adverse claim. (C) The conditions that must be satisfied for a person to be considered to have control over controllable electronic records. Amends certain sections in the UCC chapter concerning secured transactions to reference controllable electronic records and to provide for the perfection of a security interest in controllable electronic records by: (1) control; or (2) the filing of a financing statement. Amends the Indiana statute concerning unclaimed personal property to: (1) add a definition of "controllable electronic record" in that statute; and (2) authorize (rather than require, as specified in current law) the attorney general to adopt rules regarding virtual currency, controllable electronic records, and digital assets, to the extent such rules are consistent with, and not otherwise covered by: (A) the bill's provisions; or (B) any other Indiana law concerning virtual currency, controllable electronic records, or digital assets.
Public Law 110
Signed by the Governor
Signed by the President of the Senate
Signed by the Speaker
Signed by the President Pro Tempore
Senate concurred in House amendments; Roll Call 325: yeas 46, nays 0
Motion to concur filed
Returned to the Senate with amendments
Third reading: passed; Roll Call 242: yeas 92, nays 0
Second reading: ordered engrossed
Committee report: amend do pass, adopted
Referred to the House
Senator Melton added as coauthor
House sponsor: Representative Teshka
Third reading: passed; Roll Call 178: yeas 49, nays 0
Second reading: ordered engrossed
Senator Brown L added as third author
Senator Koch added as coauthor
Committee report: amend do pass, adopted
Authored by Senators Garten and Busch
| Bill Text Versions | Format |
|---|---|
| Introduced Senate Bill (S) | |
| Senate Bill (S) | |
| Senate Bill (H) | |
| Enrolled Senate Bill (S) |
| Document | Format |
|---|---|
| Fiscal Note: SB0351.04.ENRH.FN001 |
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