CS/HB 519: Rights of Third Parties Under the Uniform Commercial Code
GENERAL BILL by Civil Justice and Property Rights Subcommittee ; Leek
Rights of Third Parties Under the Uniform Commercial Code; Provides that certain restrictions on effectiveness of terms in specified agreements & effectiveness of certain rules of law, statutes, or regulations related to discharge of account debtors & certain restrictions on assignment of promissory notes, health-care-insurance receivables, & certain general intangibles, do not apply to security interest in ownership interest in general partnership, limited partnership, or limited liability company.
Effective Date: 1/1/2023
Last Action: 3/3/2022 House - Laid on Table; companion bill(s) passed, see CS/SB 336 (Ch. 2022-119)
Bill Text: PDF
Last Action: 3/3/2022 House - Laid on Table; companion bill(s) passed, see CS/SB 336 (Ch. 2022-119)
Bill Text: PDF
Bill History
| Date | Chamber | Action |
|---|---|---|
| 11/5/2021 | House |
• Filed |
| 11/19/2021 | House |
• Referred to Civil Justice & Property Rights Subcommittee • Referred to Regulatory Reform Subcommittee • Referred to Judiciary Committee • Now in Civil Justice & Property Rights Subcommittee |
| 1/11/2022 | House |
• Added to Civil Justice & Property Rights Subcommittee agenda • 1st Reading (Original Filed Version) |
| 1/13/2022 | House |
• Favorable with CS by Civil Justice & Property Rights Subcommittee |
| 1/14/2022 | House |
• Reported out of Civil Justice & Property Rights Subcommittee • Laid on Table under Rule 7.18(a) • CS Filed • 1st Reading (Committee Substitute 1) |
| 1/18/2022 | House |
• Referred to Regulatory Reform Subcommittee • Referred to Judiciary Committee • Now in Regulatory Reform Subcommittee • Added to Regulatory Reform Subcommittee agenda |
| 1/20/2022 | House |
• Favorable by Regulatory Reform Subcommittee • Reported out of Regulatory Reform Subcommittee • Now in Judiciary Committee |
| 1/24/2022 | House |
• Added to Judiciary Committee agenda |
| 1/26/2022 | House |
• Favorable by Judiciary Committee • Reported out of Judiciary Committee • Bill released to House Calendar • Added to Second Reading Calendar |
| 2/28/2022 | House |
• Bill added to Special Order Calendar (3/3/2022) |
| 3/3/2022 | House |
• Substituted CS/SB 336 • Laid on Table; companion bill(s) passed, see CS/SB 336 (Ch. 2022-119) |
