Relating to the Uniform Commercial Code.
Summary
Amends portions of the Uniform Commercial Code to enable the code to govern the use of certain types of digital assets, electronic money, chattel paper, hybrid transactions, including bundles of goods and services, documents of title and payment systems. Makes miscellaneous other amendments to the code and related statutes.
Bill status
signed
all 5 stages cleared
Introduction
Jan 2025
Committee Review
Apr 2025
Senate Passage
Apr 2025
House Passage
Apr 2025
Signed into Law
May 2025
Introduced Jan 13, 2025
Signed May 7, 2025
Maddy AI version diff · 1 comparison
What changed between versions
Introduced
→
Enrolled
·
4 edits
·
May 7, 2025
MODERATE
This bill updates Oregon's Uniform Commercial Code to modernize rules for digital assets, electronic payments, and new business transaction types. The changes clarify definitions for electronic documents, digital assets, and modern payment systems to ensure the law keeps pace with current commerce practices.
Scope change
The bill expands the scope of the Uniform Commercial Code to explicitly include digital assets, electronic money, and hybrid transactions that were not clearly covered under the previous version.
DEFINITION
Updated definitions for terms like 'action', 'agreement', 'conspicuous', and 'buyer in ordinary course of business' to reflect modern business practices and electronic transactions.
Added new definitions for digital assets, electronic documents of title, and related modern commerce terms to clarify how the law applies to new transaction types.
REQUIREMENT
Modified requirements for what constitutes conspicuous terms in contracts to account for digital displays and electronic records rather than just printed text.
TECHNICAL
Changed the bill header from 'Introduced' to 'Enrolled' status, indicating it has passed both legislative chambers and is ready for the governor's signature.
Floor votes · Senate Feb 18, 2025 · House Apr 28, 2025
How they voted
25–2
Passed · 2 other
Total votes 29
Feb 18, 2025
D
Democratic17
94% Yea
R
Republican12
75% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
19
Key actions
7
Committee
4
May 7, 2025
Signed into law
Governor signed.
upper
Apr 29, 2025
Lower · Passed
Speaker signed.
lower
Apr 29, 2025
Upper · Passed
President signed.
upper
Apr 28, 2025
Lower · Passed
Third reading. Carried by Mannix. Passed.
lower
Apr 24, 2025
Lower · Passed
Recommendation: Do pass.
lower
Feb 21, 2025
Committee
Referred to Judiciary.
lower
Feb 20, 2025
Introduced
First reading. Referred to Speaker's desk.
lower
Feb 18, 2025
Upper · Passed
Third reading. Carried by Prozanski. Passed.
upper
Feb 11, 2025
Upper · Passed
Recommendation: Do pass.
upper
Jan 17, 2025
Committee
Referred to Judiciary.
upper
Jan 13, 2025
Introduced
Introduction and first reading. Referred to President's desk.
upper
0 primary · 0 co-sponsors
Sponsors
No sponsor information available.
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