Nebraska 2023-2024 Regular Session

Nebraska Legislature Bill LB94

Introduced
1/6/23  
Refer
1/10/23  
Engrossed
2/16/23  
Enrolled
1/26/24  
Passed
2/8/24  

Caption

Adopt and change provisions for controllable electronic records under the Uniform Commercial Code

Impact

The enactment of LB94 is expected to significantly influence state laws concerning the handling and recognition of electronic records. This update to the UCC will allow for more robust legal backing for electronic transactions, which can enhance efficacy and reduce disputes over record legitimacy. This amendment aims to align state laws with the evolving landscape of business practices that heavily rely on digital records and transactions.

Summary

LB94 focuses on adopting and altering provisions related to controllable electronic records under the Uniform Commercial Code (UCC). The bill aims to modernize the framework governing electronic transactions, ensuring that the legislation keeps pace with technological advancements in record management. By clarifying the legal standing and guidelines for electronic records, the bill seeks to facilitate smoother transactions in a digital economy, thus addressing contemporary needs for secure and reliable electronic documentation.

Sentiment

The sentiment surrounding LB94 appears supportive, with strong bipartisan backing evident in its passage through the legislature. The unanimous vote of 44-0 suggests a consensus among lawmakers about the necessity of updating the UCC to reflect current practices and technological capabilities. Stakeholders view the bill as a positive stride towards a more integrated and modern legal infrastructure for digital transactions.

Contention

While the discussions around LB94 have been largely favorable, there may be concerns regarding the implications of transitioning to electronic records on privacy and data security. Additionally, the bill's provisions must ensure that it does not inadvertently create loopholes or challenges in safeguarding confidential information. Despite these potential challenges, the overall reception of the bill has been that it will support businesses and consumers alike by providing clearer guidelines for electronic transactions.

Companion Bills

No companion bills found.

Previously Filed As

NE HB1353

Commercial Law - Uniform Commercial Code - Controllable Electronic Records

NE LB609

Adopt the Controllable Electronic Record Fraud Prevention Act, require notice of potential fraud for purchasers of gift certificates and gift cards, and change provisions relating to search warrants

NE LB431

Change provisions relating to criminal history record information checks under the Uniform Credentialing Act

NE LB330

Change provisions relating to small estate affidavits under the Uniform Probate Code

NE LB711

Change provisions of the Nebraska Uniform Trust Code

NE LB331

Provide for adoption by two persons jointly and change provisions relating to adoptions

NE LB70

Provide for adoption by a second adult person and change provisions relating to adoptions

NE LB978

Provide for adoption by a second adult person and change provisions relating to adoptions

NE SB5077

Concerning the uniform commercial code.

NE LB366

Change provisions relating to public records and include body-worn camera recordings in certain circumstances

Similar Bills

No similar bills found.