By Eric Geringswald | CSC
Updates to Pennsylvania’s UCC for Digital Belongings
Pennsylvania lawmakers accredited important modifications to the state’s Uniform Industrial Code (UCC) in 2024. These modifications set up guidelines and procedures for transactions involving digital property, known as controllable digital data. These data could embody cryptocurrency and non-fungible tokens (NFTs).
Amendments to Pennsylvania Securities Statutes
Lawmakers additionally amended securities statutes to make clear management over safety entitlements:
- A purchaser beneficial properties management if somebody apart from the transferor acknowledges they’ve management on behalf of the purchaser.
- Alternatively, the purchaser beneficial properties management if the entity obtains management after agreeing to take action on the purchaser’s behalf.
- Management of an authorized safety doesn’t require an acknowledgment on behalf of the purchaser.
What’s Included within the 2025 Version
The 2025 version of CSC’s Pennsylvania Laws Governing Business Entities Annotated incorporates these updates together with different key modifications to Pennsylvania’s enterprise statutes. The version offers:
- Title 15—Firms & Unincorporated Associations from the Pennsylvania Statutes.
- Associated sections protecting securities, taxation, arbitration, and fictitious names.
- Articles 1, 8, 9, and 12 of the Uniform Industrial Code.
All content material is present by means of the 2024 session of the Common Meeting.
Case Notes and Authorized Updates
This version captures:
- Thirty new case notes from state and federal courtroom choices deciphering Pennsylvania enterprise legislation.
- 5 full-text circumstances from the previous yr on matters together with:
- Company veil piercing.
- De facto merger.
- Actions in opposition to nonprofit firms.
- Winding up of restricted partnerships.
- Dissolution of LLCs.
New circumstances are listed within the Desk of New Annotations and highlighted within the guide for simple reference.
Sensible Sources for Practitioners
Readers achieve entry to:
- 100 Pennsylvania types for incorporation/formation, qualification, mergers, dissolution, and title reservation by way of the LexisNexis Retailer obtain middle.
- An in depth Price Schedule itemizing the Secretary of State’s submitting charges for enterprise companies.
- Contact data for the Pennsylvania Firms Bureau, conveniently positioned within the appendix.
Versatile Codecs Obtainable
The Pennsylvania Laws Governing Business Entities Annotated is offered in a number of codecs:
- Softbound guide.
- eBook, suitable with eReader units, computer systems, tablets, and smartphones.
- Entry by way of the LexisNexis Digital Library.
To study extra in regards to the 2025 version, name 1.800.533.1637 or go to www.lexisnexis.com/csc.
