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A03307

Incorporates the 2022 Uniform Law Commission recommended amendments to the Uniform Commercial Code to provide for emerging technologies; addresses em… Reviewed

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Incorporates the 2022 Uniform Law Commission recommended amendments to the Uniform Commercial Code to provide for emerging technologies; addresses emerging technologies, providing updated rules for commercial transactions involving virtual currencies, distributed ledger technologies (including blockchain), artificial intelligence, and other technological developments.

AI Summary

Bill A03307 incorporates 2022 ULC amendments to the UCC for emerging technologies in New York. The enactment status is unconfirmed as the bill is still pending legislative action.

Business Impact

If you engage in transactions with virtual currencies, ensure compliance with updated UCC provisions.

State
New York
Bill Number
A03307
Status
Unknown
Risk Level
Medium
Category
Amendment
Last Action
Dec 5, 2025
Last Verified
Apr 21, 2026
Data Updated
Apr 21, 2026
What do these statuses mean? ▼
Introduced — Filed in the legislature; not yet heard in committee
In Committee — Assigned to and being reviewed by a legislative committee
Passed — Approved by one or both chambers; awaiting further action
Signed / Enacted — Signed into law by the governor; may or may not be in effect yet
Dead / Vetoed — Vetoed, failed to pass, or session expired without action
Unknown — Status data not yet available or awaiting classification

Affected Industries

Technology Financial Services Finance

What This Means

New York's Bill A03307 updates the Uniform Commercial Code to include provisions for emerging technologies like virtual currencies, blockchain, and AI, aiming to modernize commercial transaction rules.

Key Provisions

Latest Legislative Action

signed chap.579

Compliance Checklist

Review and update transaction processes to align with UCC amendments.
Who: Businesses engaging in AI or blockchain transactions.
Penalty: Potential legal challenges for non-compliance.

Related & Companion Bills

New York S07244 — Incorporates the 2022 Uniform Law Commission recommended am… → New York S01840 — Incorporates the 2022 Uniform Law Commission recommended am… → New York A10579 — Incorporates the 2022 Uniform Law Commission recommended am… →

Full Legal Analysis

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Affected Industries

Technology Financial Services Finance

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