66144A108264A71D8725896500787086 Hearing Summary

PUBLIC
BILL SUMMARY For SB23-090

HOUSE COMMITTEE ON JUDICIARY
Date Mar 1, 2023
Location HCR 0107

SB23-090 - Amended, referred to the Committee of the Whole

Attachment Tag

File Name

Attachment

02:55:36 PM

Representative Snyder, prime sponsor, presented Senate Bill 23-090, concerning the enactment of the 2022 amendments to the "Uniform Commercial Code." Representative Snyder explained the effect of the bill and discussed its need. Representative Snyder responded to questions regarding the processes observed by the Uniform Law Commission.

03:02:06 PM

Ms. Anne McGihon, representing Colorado Uniform Law Commission, testified in support of the bill.

Mr. Steven Weise, representing Uniform Law Commission, testified in support of the bill.

Mr. Herrick Lidstone, representing Colorado Bar Association, testified to amend the bill. Discussion ensued regarding the impact of SB 23-090 on commercial record-keeping. Discussion followed regarding the definition of the term "person" in the bill for the purpose of business entities, and the bill's definition of the term "money.'

03:27:13 PM

Representative Snyder explained the effect of amendment L.003 (Attachment E).

03:29:09 PM	Motion	Adopt amendment L.003
	Moved	Snyder
	Seconded	Garcia

	Armagost
	Daugherty
	Epps	Excused
	Evans
	Garcia
	Luck
	Marshall
	Sharbini
	Snyder
	Soper
	Woodrow
	Bacon
	Weissman
		YES: 0 NO: 0 EXC: 1 ABS: 0 FINAL ACTION: Pass Without Objection

03:29:11 PM

Representative Snyder provided closing remarks in support of SB 23-090.

03:31:13 PM	Motion	Refer Senate Bill 23-090, as amended, to the Committee of the Whole.
	Moved	Snyder
	Seconded	Soper

	Armagost	Yes
	Daugherty	Yes
	Epps	Excused
	Evans	Yes
	Garcia	Yes
	Luck	No
	Marshall	Yes
	Sharbini	Yes
	Snyder	Yes
	Soper	Yes
	Woodrow	Yes
	Bacon	Excused
	Weissman	Yes
	Final	YES: 10 NO: 1 EXC: 2 ABS: 0 FINAL ACTION: PASS

SB23-090 - Amended, referred to the Committee of the Whole

Colorado General Assembly