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Read. Follow. Verify.Utah Updates Uniform Commercial Code to Incorporate Emerging Digital Assets and Electronic Technologies
Last action · March 23, 2026: Governor SignedSponsors: Anthony Loubet and 1 other
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What This Bill Does
This act modernizes Utah's Uniform Commercial Code by enacting comprehensive provisions for digital assets, electronic records, electronic money, and hybrid commercial transactions, taking effect on May 6, 2026. The legislation establishes rules for controlling, perfecting, and determining priority for security interests in emerging financial technologies like s.
Financial institutions, commercial lenders, and businesses engaging in digital asset transactions or electronic contracting in Utah must comply with new statutory standards for asset control, priority, and under the Uniform Commercial Code.
Who It Affects
Groups the bill's text affects, as described in the record. Being affected is not a position for or against it.
Commercial lenders and financial institutions
Lenders must adapt security agreements and control procedures to comply with new perfection and priority rules for digital and electronic collateral.
Businesses utilizing electronic contracts and digital records
Businesses face updated legal standards regarding the enforceability, transfer, and control of electronic records and controllable payment intangibles.
Key Facts
You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.
Frequently Asked Questions
When does this law take effect?
What types of new digital assets are covered under the updated Uniform Commercial Code?
What else do you want to know?
News Coverage
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Votes, people, money & the original sourceWhere This Stands
Current status: Signed into law.
Procedural history
44 actions- Mar 23, 2026Lieutenant Governor's office for filingEnrolledGovernor Signed
- Mar 16, 2026HouseHouse/ to Governor
- Mar 16, 2026HouseHouse/ received enrolled bill from Printing
- Mar 12, 2026HouseHouse/ enrolled bill to Printing
- Mar 12, 2026Clerk of the HouseEnrolled Bill Returned to House or Senate
- Mar 10, 2026Legislative Research and General Counsel / EnrollingDraft of Enrolled Bill Prepared
Show 38 earlier actions
- Mar 10, 2026Legislative Research and General Counsel / EnrollingBill Received from House for Enrolling
- Mar 6, 2026HouseHouse/ signed by Speaker/ sent for enrolling
- Mar 6, 2026HouseHouse/ received from Senate
- Mar 5, 2026SenateSenate/ to House
- Mar 5, 2026SenateSenate/ signed by President/ returned to House
- Mar 5, 2026SenateFloorSenate/ passed 2nd & 3rd readings/ suspension
- Mar 5, 2026SenateSenate/ uncircled
- Mar 5, 2026SenateSenate/ circled
- Mar 5, 2026SenateSenate/ 2nd & 3rd readings/ suspension
- Mar 5, 2026SenateSenate/ Rules to 2nd Reading Calendar
- Mar 4, 2026SenateSenate/ 2nd Reading Calendar to Rules
- Feb 27, 2026SenateSenate/ placed on 2nd Reading Calendar
- Feb 27, 2026SenateSenate/ committee report favorable
- Feb 27, 2026SenateSenate Comm - Favorable Recommendation
- Feb 25, 2026SenateCommitteeSenate/ to standing committee
- Feb 24, 2026SenateIntroducedSenate/ 1st reading (Introduced)
- Feb 23, 2026SenateSenate/ received from House
- Feb 23, 2026HouseHouse/ to Senate
- Feb 23, 2026HouseFloorHouse/ passed 3rd reading
- Feb 23, 2026HouseHouse/ 3rd reading
- Feb 17, 2026HouseHouse/ 2nd reading
- Feb 17, 2026HouseHouse/ comm rpt/ substituted
- Feb 13, 2026ReleasedLFA/ fiscal note publicly available for HB0474S01
- Feb 13, 2026Version SponsorLFA/ fiscal note sent to sponsor for HB0474S01
- Feb 13, 2026HouseHouse Comm - Favorable Recommendation
- Feb 13, 2026HouseHouse Comm - Substitute Recommendation
- Feb 12, 2026Legislative Fiscal AgencyLFA/ bill sent to agencies for fiscal input for HB0474S01
- Feb 12, 2026Legislative Fiscal AnalystLFA/ bill assigned to staff for fiscal analysis for HB0474S01
- Feb 10, 2026HouseCommitteeHouse/ to standing committee
- Feb 9, 2026HouseHouse/ received fiscal note from Fiscal Analyst
- Feb 9, 2026ReleasedLFA/ fiscal note publicly available for HB0474
- Feb 6, 2026Version SponsorLFA/ fiscal note sent to sponsor for HB0474
- Feb 4, 2026HouseIntroducedHouse/ 1st reading (Introduced)
- Feb 4, 2026HouseHouse/ received bill from Legislative Research
- Feb 3, 2026Legislative Fiscal AgencyLFA/ bill sent to agencies for fiscal input for HB0474
- Feb 3, 2026Legislative Fiscal AnalystLFA/ bill assigned to staff for fiscal analysis for HB0474
- Feb 3, 2026Legislative Research and General CounselNumbered Bill Publicly Distributed
- Feb 3, 2026Legislative Research and General CounselBill Numbered but not Distributed
Version history
Only one version on file - nothing to compare yet. As later stages (committee substitute, engrossed, enrolled) are captured, the redline appears here.
View official text →Lobbying Activity
No state lobbying filings in our records match this bill. Federal lobbying reports (LDA) cover Congress, so they are not listed on state bills.
Full breakdown
Who this bill affects and the strongest case for and against it, written only from the bill’s own text.
Sponsors
Discoveries
Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.
Integration of Digital Assets into Commercial Law
The legislation formally integrates 2022 Uniform Commercial Code amendments addressing controllable electronic records and electronic money into Utah law.
Connected Entities
Sources
le.utah.gov
Analysis Score
0–100- Significance85How much this matters to a regular citizen
- Controversy10Intensity of disagreement among stakeholders
- Entertainment5Compellingness for a non-policy-wonk reader
- Buzz25Current news / social attention level
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