2012 Legislation
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SENATE BILL 1307

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S1307   by COMMERCE AND HUMAN RESOURCES COMMITTEE
SECURED TRANSACTIONS – Amends and adds to existing law relating to secured transactions to revise definitions, to define terms; to revise control of electronic chattel paper; to revise the location of certain registered organizations, to revise an exception to a financing statement and filing requirement; to provide for the effect on a filed financing statement of change in governing law; to revise terminology, to revise when certain persons take free of a security interest in certain collateral; to revise when a security interest created by a new debtor is subordinated and to revise an exception; to revise the application of certain terms restricting certain assignments; to revise the application of certain terms restricting certain assignments; and revising and adding to other laws relating to secured transactions.
  02/10 Introduced; read first time; referred to JR for Printing  
  02/13 Reported Printed; referred to Commerce & Human Resources  
  02/17 Reported out of Committee with Do Pass Recommendation; Filed for second reading  
  02/20 Read second time; filed for Third Reading  
  02/21 Read third time in full – PASSED - 34-0-1
AYES – Andreason, Bair, Bilyeu, Bock, Brackett, Broadsword, Cameron, Darrington, Davis, Fulcher, Goedde, Hammond, Heider, Hill, Johnson, Keough, LeFavour, Lodge, Malepeai, McGee, McKague, McKenzie, Mortimer, Nuxoll, Pearce, Schmidt, Siddoway, Smyser, Stennett, Tippets, Toryanski, Vick, Werk, Winder
NAYS – None
Absent and excused – Corder
Floor Sponsor - Davis
Title apvd - to House
 
  02/22 Received from the Senate, Filed for First Reading  
  Read First Time, Referred to Business  
  03/08 Reported out of Committee with Do Pass Recommendation, Filed for Second Reading  
  03/09 Read second time; Filed for Third Reading  
  03/12 U.C. to hold place on third reading calendar one legislative day  
  03/13 U.C. to hold place on third reading calendar one legislative day  
  03/14 U.C. to hold place on third reading calendar one legislative day  
  03/16 U.C. to hold place on third reading calendar until Monday, March 19, 2012  
  03/19 Read Third Time in Full – PASSED - 65-1-4
AYES – Andrus, Barbieri, Barrett, Bateman, Batt, Bayer, Bedke, Bell, Bilbao(Reynoldson), Block(Block), Bolz, Boyle, Buckner-Webb, Burgoyne, Chadderdon, Chew, Collins, Crane, Cronin, DeMordaunt, Ellsworth, Eskridge, Gibbs, Guthrie, Hagedorn, Hart, Hartgen, Henderson, Higgins, Killen, King, Lacey, Lake, Loertscher, Luker, Marriott, McGeachin, McMillan, Moyle, Nesset, Nielsen, Palmer, Patrick, Pence, Perry, Raybould, Ringo, Roberts, Rusche, Schaefer, Shepherd, Shirley, Simpson, Sims, Smith(30), Smith(24), Stevenson, Thayn, Thompson, Trail, Vander Woude, Wills, Wood(27), Wood(35), Mr. Speaker
NAYS – Harwood
Absent and excused – Anderson, Black, Jaquet, Nonini
Floor Sponsor - Barbieri
Title apvd - to Senate
 
  03/20 Returned From House Passed; referred to enrolling  
  Reported enrolled; signed by President; to House for signature of Speaker  
  03/21 Received from Senate; Signed by Speaker; Returned to Senate  
  Reported signed by the Speaker & ordered delivered to Governor  
  03/22 Reported delivered to Governor at 2:15 p.m. on 03/21/12  
  03/27 Signed by Governor on 03/27/12
    Session Law Chapter 145
    Effective: 07/01/13