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ULC Statement on Central Bank Digital Currencies and the Uniform Commercial Code

With all the discourse surrounding central bank digital currencies and the Uniform Commercial Code, it's time to set the record straight.

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Recently Approved Acts

The Uniform Law Commission has approved 5 new acts at its 2022 Annual Meeting.

  • Amendments to the Uniform Commercial Code
  • Uniform Alcohol Direct-Shipping Compliance Act
  • Uniform Electronic Estate Planning Documents Act
  • Model Public Meetings During Emergencies Act
  • Uniform Telehealth Act

View the Acts

Better Laws

Since 1892, the ULC has provided states with non-partisan, carefully conceived uniform laws. Our work simplifies life for people who live, work, or travel in multiple states and improves local economies by facilitating interstate commerce. Each uniform act is drafted in an open and deliberative process that draws on the expertise of state-appointed commissioners, legal advisors and observers.

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Stronger States

The ULC promotes state autonomy by providing a process for state governments to collaborate on issues where uniformity of law is necessary but federal oversight is not. Uniform acts provide rules and procedures that are consistent from state to state but that also reflect the diverse experience of the states when appropriate.

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News

  • May 22, 2023 - The Executive Committee of the Uniform Law Commission (ULC) has recently authorized the appointment of two new study committees and two new drafting committees. The new study committees are: Study Committee on Gamete ...

  • February 6, 2023 - Two new uniform acts – the Uniform Electronic Estate Planning Documents Act and the 2022 Amendments to the Uniform Commercial Code – have been approved by the American Bar Association's House of Delegates as "appropriate Acts for those ...

  • July 15, 2022 - Uniform law commissioners from around the country met in Philadelphia, Pennsylvania, for the 131 st Annual Meeting of the Uniform law Commission (ULC), held from July 8 through July 14. In addition to the approval of five new uniform ...


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Annual Meeting 2023

Uniform law commissioners from across the country convene each summer to review draft acts and approve new uniform laws. The 2023 annual meeting will be held in Honolulu, Hawaii from July 21st through July 27th.

Details Here

Resources

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Introduction to the ULC

Videos detailing the work of the ULC. Learn about what we do and who we are.

Watch Here

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How to Propose a Uniform Law

Have an issue which requires the uniformity of law? Find out how to submit your idea here.

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ULC Publications

Access print and digital publications from the ULC.

Available Here