2011 House Bill 5082 / 2012 Public Act 87

Make UCC updates

Introduced in the House

Oct. 18, 2011

Introduced by Rep. Kevin Cotter (R-99)

To make various updates, revisions and clarifications to the state’s “uniform commercial code,” which provides the statutory framework governing commercial business transactions.

Referred to the Committee on Banking and Financial Services

Dec. 14, 2011

Reported without amendment

With the recommendation that the substitute (H-1) be adopted and that the bill then pass.

Jan. 24, 2012

Substitute offered

The substitute passed by voice vote

Jan. 25, 2012

Passed in the House 107 to 0 (details)

Received in the Senate

Jan. 26, 2012

Referred to the Committee on Banking and Financial Institutions

March 13, 2012

Reported without amendment

With the recommendation that the bill pass.

March 27, 2012

Passed in the Senate 37 to 0 (details)

To make various updates, revisions and clarifications to the state’s “uniform commercial code,” which provides the statutory framework governing commercial business transactions.

Signed by Gov. Rick Snyder

April 10, 2012