TO AMEND THE UNIFORM COMMERCIAL CODE.

HB 1746, now Act 997, amends the Uniform Commercial Code, which governs commercial transactions. The bill revises the legal definitions of "Money" and "Deposit account." For "Money," it clarifies it as a medium of exchange authorized by a government, but specifically excludes central bank digital currency. Similarly, it defines "Deposit account" as a typical bank account, while also explicitly excluding central bank digital currency from this classification. These changes primarily affect how financial instruments and accounts are legally categorized within commercial law.