North Dakota legislation · 69th Legislative Assembly
North Dakota SB2364: A BILL for an Act to provide for a legislative management study relating to the property rights of entitlement holders in Uniform Commercial Code transactions.
Status: Failed, February 24, 2025
Relating to the property rights of entitlement holders in Uniform Commercial Code transactions.
What the bill says
A bill for an Act to provide for a legislative management study relating to the property rights of entitlement holders in Uniform Commercial Code transactions.
From the engrossed text, February 24, 2025:
A BILL for an Act to provide for a legislative management study relating to the property rights of entitlement holders in Uniform Commercial Code transactions. BE IT ENACTED BY THE LEGISLATIVE ASSEMBLY OF NORTH DAKOTA: SECTION 1. LEGISLATIVE MANAGEMENT STUDY - UNIFORM COMMERCIAL CODE PROPERTY RIGHTS. During the 2025-26 interim, the legislative management shall consider studying the property rights of entitlement holders in Uniform Commercial Code transactions, along with the jurisdiction for disputes between entitlement holders and securities intermediaries. The study must review the provisions of the Uniform Commercial Code, including a review of article 8, in relation to state law, federal law, and the law's interaction as it relates to ownership of personal property. The study must seek input from relevant stakeholders, including securities intermediaries. The legislative management shall report its findings and recommendations, together with any legislation necessary to implement the recommendations, to the seventieth legislative assembly. Page No. 1 25.0840.03000
Sponsors
- Mark Enget (R, 2) · primary sponsor
- Keith Boehm (R, 33)
- David Clemens (R, 16)
- Jared Hendrix (R, 10)
- SuAnn Olson (R, 8)
- Bob Paulson (R, 3)
Latest actions
- : Second reading, failed to pass, yeas 20 nays 27
- : Amendment adopted, placed on calendar
- : Reported back amended, do pass, amendment placed on calendar 7 0 0
- : Committee Hearing 09:00
- : Introduced, first reading, referred Judiciary Committee
Votes
- Final Passage (February 24, 2025): 20 yea, 27 nay, failed
Common questions
- What is SB2364?
- SB2364 is a bill in the North Dakota Legislature (69th Legislative Assembly): A BILL for an Act to provide for a legislative management study relating to the property rights of entitlement holders in Uniform Commercial Code transactions.
- What does SB2364 do?
- In its own words: A bill for an Act to provide for a legislative management study relating to the property rights of entitlement holders in Uniform Commercial Code transactions.
- What is the status of SB2364?
- Failed as of February 24, 2025. Latest action: Second reading, failed to pass, yeas 20 nays 27 (February 24, 2025).
- Who sponsored SB2364?
- Mark Enget (R, 2), with 5 co-sponsors.
- Where is the official record for SB2364?
- On the North Dakota Legislature website: https://ndlegis.gov/assembly/69-2025/regular/bill-overview/bo2364.html
Source: official North Dakota record. Tracked by Delilah, AI for legislation across all 50 states and Congress.