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ARTICLE · 20 MAY 2025

Green Grass And High Tides For Crypto: Article 12 Of The UCC Explained

Kane Russell Coleman Logan PC
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In 2022, the National Conference of Commissioners on Uniform State Laws and the American Law Institute published the first substantive amendments to the Uniform Commercial Code (UCC) since 2010 (the "2022 Amendments").

United StatesTechnology
Gordon B. Russell
Gordon B. Russell
Michael Desmond
Michael Desmond
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In 2022, the National Conference of Commissioners on Uniform State Laws and the American Law Institute published the first substantive amendments to the Uniform Commercial Code (UCC) since 2010 (the "2022 Amendments"). For clarity, whenever this post refers to the UCC, it will be referring to the UCC as amended by the 2022 Amendments. The 2022 Amendments have been adopted by 25 States and adopting legislation has been proposed in 9 additional states. The purpose of the 2022 Amendments was to pave the way for governing rights vested in "Controllable Electronic Records" or "CERs" including existing technologies like Bitcoin and also to anticipate technologies that will be developed in the future. As a part of an ongoing series of posts unpacking the 2022 Amendments, this blog summarizes the new Article 12, which was created by these recent amendments and principally governs ownership and transfer of CERs.

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