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Bills · 2009-2010 Regular Session

SB 472

Became law Official bill text Atom feed

adopting revised article 1 of the Uniform Commercial Code concerning general provisions.

  1. Introduced, completed
  2. Passes Senate, completed
  3. Passes Assembly, completed
  4. Governor signs, completed
  5. Law, completed

Unfamiliar terms? Glossary

What this bill does

Plain-language analysis by the nonpartisan Legislative Reference Bureau

This bill repeals and recreates the general provisions chapter of the Uniform

Commercial Code (UCC). The UCC governs certain transactions relating to sales,

negotiable instruments, bank deposits and collections, letters of credit, bulk

transfers, documents of title, investment securities, secured transactions, fund

transfers, and leases. The bill revises and updates the general provisions chapter

to better reflect and accommodate changing business practices. The bill also makes

many changes of a technical or nonsubstantive nature, such as reordering and

renumbering sections. In terms of substantive changes to the general provisions

chapter of the UCC, the bill does all of the following:

1. Clarifies that the general provisions chapter applies only to transactions

governed by the UCC and not by other law.

2. Clarifies when other principles of law may be used to supplement UCC

provisions of law.

3. Specifically provides that evidence of "course of performance" may be used

to interpret a contract along with course of dealing and usage of trade.

Sponsors

Introduced by: Risser (D) , Taylor (D)

2 cosponsors

Cullen (D) , Townsend (R)

Votes

Senate: Report adoption of Senate Amendment 1 recommended by committee on Veterans and Military Affairs, Biotechnology, and Financial Institutions, Ayes 5, Noes 0

Passed 5–0 Mar 15, 2010 official source full page

No individual roll call was recorded for this vote. Committee votes and some older sessions record totals only.

Full history

  1. Jan 22, 2010 · Senate

    Introduced by Senators Risser and Taylor;Cosponsored by Representatives Cullen and Townsend

  2. Jan 22, 2010 · Senate

    Read first time and referred to committee on Veterans and Military Affairs, Biotechnology, and Financial Institutions

  3. Feb 24, 2010 · Senate

    Public hearing held

  4. Mar 1, 2010 · Senate

    Senate amendment 1 offered by Senator Risser

  5. Mar 3, 2010 · Senate

    Executive action taken

  6. Mar 15, 2010 · Senate

    Report adoption of Senate Amendment 1 recommended by committee on Veterans and Military Affairs, Biotechnology, and Financial Institutions, Ayes 5, Noes 0

  7. Mar 15, 2010 · Senate

    Report passage as amended recommended by committee on Veterans and Military Affairs, Biotechnology, and Financial Institutions, Ayes 5, Noes 0

  8. Mar 15, 2010 · Senate

    Available for scheduling

  9. Apr 8, 2010 · Senate

    Placed on calendar 4-13-2010 pursuant to Senate Rule 18(1)

  10. Apr 13, 2010 · Senate

    Senate amendment 1 adopted

  11. Apr 13, 2010 · Senate

    Ordered to a third reading

  12. Apr 13, 2010 · Senate

    Rules suspended

  13. Apr 13, 2010 · Senate

    Read a third time and passed

  14. Apr 13, 2010 · Senate

    Ordered immediately messaged

  15. Apr 13, 2010 · Senate

    Read a second time

  16. Apr 14, 2010 · Assembly

    Received from Senate

  17. Apr 14, 2010 · Assembly

    Read first time and referred to committee on Rules

  18. Apr 20, 2010 · Assembly

    Made a special order of business at 11:42 A.M. on 4-22-2010 pursuant to Assembly Resolution 26

  19. Apr 22, 2010 · Assembly

    Read a second time

  20. Apr 22, 2010 · Assembly

    Ordered to a third reading

  21. Apr 22, 2010 · Assembly

    Rules suspended

  22. Apr 22, 2010 · Assembly

    Read a third time and concurred in

  23. Apr 22, 2010 · Assembly

    Ordered immediately messaged

  24. Apr 23, 2010 · Senate

    Received from Assembly concurred in

  25. May 6, 2010 · Senate

    Report correctly enrolled on 5-6-2010

  26. May 11, 2010 · Senate

    Presented to the Governor on 5-11-2010

  27. May 13, 2010 · Senate

    Report approved by the Governor on 5-12-2010. 2009 Wisconsin Act 320

  28. May 14, 2010 · Senate

    Published 5-26-2010