SB316 Alabama 2013 Session

In Committee

Bill Summary

Sponsors

Cam Ward

Session

Regular Session 2013

Title

Electronic fund transfers, remittance transfer, Uniform Commercial Code applicable if transfer governed by Electronic Fund Transfer Act of 1978, exception, Sec. 7-4A-108 am'd.

Description

Under existing law, Article 4A of the Uniform Commercial Code does not apply to a fund transfer if any part of the transfer is governed by the Electronic Fund Transfer Act of 1978

This act would amend the Uniform Commercial Code to specify the relationship between Article 4A of the code and the federal Electronic Fund Transfer Act and would provide that Article 4A applies to remittance transfers under the Electronic Fund Transfer Act

To amend Section 7-4A-108, relating to electronic fund transfers; to specify the relationship between Article 4A of the Uniform Commercial Code and the federal Electronic Fund Transfer Act and to provide that Article 4A of the code applies to remittance transfers that are governed by the federal Electronic Fund Transfer Act.

Subjects

Uniform Commercial Code

Bill Actions

Action Date	Chamber	Action
May 7, 2013	S	Pending third reading on day 18 Favorable from Judiciary with 1 amendment
May 7, 2013	S	Indefinitely Postponed
April 4, 2013	S	Read for the second time and placed on the calendar 1 amendment
March 12, 2013	S	Read for the first time and referred to the Senate committee on Judiciary

Bill Text

Download SB316 Alabama 2013 Session PDF

Bill Documents