Montana SB426: Generally revise the Uniform Commercial Code

What the bill says

An act generally revising the uniform commercial code; updating terminology for the digital age; providing rules for transactions involving certain digital assets including cryptocurrency; prohibiting central bank digital currency…

From the engrossed text:

AN ACT GENERALLY REVISING THE UNIFORM COMMERCIAL CODE; UPDATING TERMINOLOGY FOR THE DIGITAL AGE; PROVIDING RULES FOR TRANSACTIONS INVOLVING CERTAIN DIGITAL ASSETS INCLUDING CRYPTOCURRENCY; PROHIBITING CENTRAL BANK DIGITAL CURRENCY; AND AMENDING SECTIONS 30-1-101, 30-1-107, 30-1-201, 30-1-212, 30-1-301, 30-2-102, 30-2-106, 30-2-201, 30-2-202, 30-2203, 30-2-205, 30-2-209, 30-2A-102, 30-2A-103, 30-2A-107, 30-2A-201, 30-2A-202, 30-2A-203, 30-2A-205, 302A-208, 30-3-102, 30-3-104, 30-3-125, 30-3-401, 30-3-605, 30-4A-103, 30-4A-105, 30-4A-201, 30-4A-202, 304A-203, 30-4A-207, 30-4A-208, 30-4A-210, 30-4A-211, 30-4A-305, 30-5-124, 30-5-136, 30-7-102, 30-7-107, 30-8-112, 30-8-113, 30-8-116, 30-8-120, 30-8-333, 30-9A-102, 30-9A-104, 30-9A-105, 30-9A-203, 30-9A-204, 30-9A-207, 30-9A-208, 30-9A-209, 30-9A-210, 30-9A-301, 30-9A-304, 30-9A-305, 30-9A-310, 30-9A-312, 309A-313, 30-9A-314, 30-9A-316, 30-9A-317, 30-9A-323, 30-9A-324, 30-9A-330, 30-9A-331, 30-9A-332, 30-9A334, 30-9A-341, 30-9A-404, 30-9A-406, 30-9A-408, 30-9A-509, 30-9A-513, 30-9A-601, 30-9A-605, 30-9A-608, 30-9A-611, 30-9A-613, 30-9A-614, 30-9A-615, 30-9A-616, 30-9A-619, 30-9A-620, 30-9A-621, 30-9A-624, 309A-628, AND 71-3-125, MCA. WHEREAS, a central bank digital currency has been defined by the Federal Reserve as a digital form of central bank money that is widely available to the general public; and WHEREAS, central bank money refers to money that is a liability of the central bank and not of a commercial bank; and WHEREAS, countries around the world, including the United States, are evaluating whether or not to issue and how to issue and operate a central bank digital currency; and WHEREAS, a central bank digital currency would fundamentally reimagine our banking and financial system by changing the relationship …

Read the full official text

Sponsors

• Ricci, Vince (R, 27) · primary sponsor
• Mercer, Bill (R, 52)

Latest actions

1. April 19, 2025: Chapter Number Assigned
2. April 17, 2025: (S) Signed by Governor
3. April 8, 2025: (S) Transmitted to Governor
4. April 8, 2025: (H) Signed by Speaker
5. April 2, 2025: (S) Signed by President
6. March 30, 2025: (S) Returned from Enrolling
7. March 28, 2025: (S) Sent to Enrolling
8. March 28, 2025: (H) 3rd Reading
9. March 28, 2025: (H) Scheduled for 3rd Reading
10. March 27, 2025: (H) 2nd Reading

Votes

• Do Concur (March 28, 2025): 87 yea, 12 nay, passed
• Do Concur (March 27, 2025): 87 yea, 12 nay, passed
• Do Pass (March 6, 2025): 36 yea, 14 nay, passed
• Do Pass (March 5, 2025): 34 yea, 15 nay, passed

Common questions

What is SB426?

SB426 is a bill in the Montana Legislature (2025 Regular Session): Generally revise the Uniform Commercial Code.

What does SB426 do?

In its own words: An act generally revising the uniform commercial code; updating terminology for the digital age; providing rules for transactions involving certain digital assets including cryptocurrency; prohibiting central bank digital currency…

What is the status of SB426?

Signed into law as of April 19, 2025. Latest action: Chapter Number Assigned (April 19, 2025).

Who sponsored SB426?

Ricci, Vince (R, 27), with 1 co-sponsor.

Where is the official record for SB426?

On the Montana Legislature website: https://bills.legmt.gov/#/laws/bill/2/LC0118