66144A108264A71D8725896500787086 Hearing Summary CLICS/CLICS2023A/commsumm.nsf PUBLICBILL SUMMARY For SB23-090HOUSE COMMITTEE ON JUDICIARYDate Mar 1, 2023 Location HCR 0107 SB23-090 - Amended, referred to the Committee of the Whole Attachment Tag File Name Attachment http://www2.leg.state.co.us/CLICS/CLICS2023A/commsumm.nsf/0/5D1803EEDBE3...$File/Attachment E.pdf?OpenElement Attachment E.pdf 02:55:36 PM Representative Snyder, prime sponsor, presented Senate Bill 23-090, concerning the enactment of the 2022 amendments to the "Uniform Commercial Code." Representative Snyder explained the effect of the bill and discussed its need. Representative Snyder responded to questions regarding the processes observed by the Uniform Law Commission. 03:02:06 PM Ms. Anne McGihon, representing Colorado Uniform Law Commission, testified in support of the bill. Mr. Steven Weise, representing Uniform Law Commission, testified in support of the bill. Mr. Herrick Lidstone, representing Colorado Bar Association, testified to amend the bill. Discussion ensued regarding the impact of SB 23-090 on commercial record-keeping. Discussion followed regarding the definition of the term "person" in the bill for the purpose of business entities, and the bill's definition of the term "money.' 03:27:13 PM Representative Snyder explained the effect of amendment L.003 (Attachment E). 03:29:09 PM Motion Adopt amendment L.003 Moved Snyder Seconded Garcia Armagost Daugherty Epps Excused Evans Garcia Luck Marshall Sharbini Snyder Soper Woodrow Bacon Weissman YES: 0 NO: 0 EXC: 1 ABS: 0 FINAL ACTION: Pass Without Objection 03:29:11 PM Representative Snyder provided closing remarks in support of SB 23-090. 03:31:13 PM Motion Refer Senate Bill 23-090, as amended, to the Committee of the Whole. Moved Snyder Seconded Soper Armagost Yes Daugherty Yes Epps Excused Evans Yes Garcia Yes Luck No Marshall Yes Sharbini Yes Snyder Yes Soper Yes Woodrow Yes Bacon Excused Weissman Yes Final YES: 10 NO: 1 EXC: 2 ABS: 0 FINAL ACTION: PASS
