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NEW UCC ARTICLE 12:
EVERYTHING YOU NEED TO KNOW

ON-DEMAND CLE


ORIGINAL DATE

Friday, January 27, 2023


ON-DEMAND


CLE

Total 60-minute hours: 1.0
Total 50-minute hours: 1.2


To see credits available in your state(s), scroll down to the CLE/CPE Credit tab
below.

SAVE THE DATE

Details of this presentation are not yet available; please check back two weeks
before the program date for more details. If you wish to register now, click
Register Now or call 800-CLE-NEWS and ask to be registered for program VCEK0127.



Sign up to be notified:
Sign Up
Thanks! A reminder has been set.

To view details of last year's presentation, or to purchase course materials
and/or audio recordings (if available) from that presentation, please click
here.


WHY YOU SHOULD ATTEND

Recognizing the need to address uncertainty regarding the categorization of
digital assets and provide answers about their treatment, the Uniform Law
Commission (ULC) and American Law Institute (ALI) approved amendments in 2022 to
update the Uniform Commercial Code (UCC). Included in these amendments is a new
Article 12, specifically governing a category of digital assets referred to in
Article 12 as “controllable electronic records” (CERs). This guidance aims to
provide clarity as to what rules should govern what rights a transferee acquires
in the purchase and sale of a CER, how CERs can be used as collateral for
secured transactions, how security interests can be perfected in CERs, and what
priority should be given to such perfected security interests.



 




WHAT YOU WILL LEARN

Reduce your confusion when considering whether digital assets should be
classified as money, general intangibles, or other property under the new and
revised UCC articles. Join our expert panel as they discuss these changes
addressing digital assets and emerging technology, including:



 



The New Article 12

o   Defining Controllable Electronic Records (CERs) and Scope of Article 12

o   Rights acquired by a transferee of a CER who obtains control

o   Treatment of payment rights (controllable accounts and controllable payment
intangibles) or other rights that may be tethered to a CER

o   Protection for account debtors on controllable accounts and controllable
payment intangibles

o   Choice-of-law issues

 



Amendments to Article 9

o   Attachment, perfection and priority for security interests in CERs,
controllable accounts, and controllable payment intangibles

o   Choice-of-law issues

 



New rules governing security interests in money

o   New definition of “money”

o   New rules for security interests in electronic money

 



New Article 1 definitions:

o   Updates to “Sign”

 



Transition rules

o   How these rules apply to Articles 9 and 12

o   Effective date and adjustment date

 



Questions submitted during the program will be answered live by the faculty. All
registrants will receive a set of downloadable course materials to accompany the
program.



 




WHO SHOULD ATTEND

This program is for attorneys who need to better understand the categorization
and treatment of digital assets under the new Article 12 of the Uniform
Commercial Code.



 



Register two or more and SAVE! Register as a group for this program and save up
to 35% (click here for more details). Click "Register as a Group" to register at
these savings. (Offer valid on new registrations in the same delivery format
only; discounts may not be combined.)






Purchase Register as a Group Download Brochure Add to Calendar

For sponsorship inquiries, please contact Dara Lovitz.
 * Schedule
 * Faculty
 * Format/Venue
 * CLE/CPE Credit
 * Sponsors

Schedule
 * All times Eastern
   
   
   
   12:00 p.m. New UCC Article 12: Everything You Need to Know
   
   
   
     1:00 p.m. Adjournment
   
   
   
    
   
   

 * Total 60-minute hours of instruction: 1.0
   Total 50-minute hours: 1.2
   
   
 * Suggested Prerequisite:
 * Educational Objective:
 * Level of Instruction:
 * Time Zone:
   Eastern 12:00 pm – 1:00 pm
   Central 11:00 am – 12:00 pm
   Mountain 10:00 am – 11:00 am
   Pacific 9:00 am – 10:00 am
   Alaska 8:00 am – 9:00 am
   Hawaii 7:00 am – 8:00 am
   
   
   
 * Program:

Faculty

PLANNING CHAIRS



PROGRAM FACULTY

 

 

 

 

 

Juliet M. Moringiello, Widener University Commonwealth Law School, Harrisburg,
PA

 



 

 

 

 

 

Edwin E. Smith, Morgan, Lewis & Bockius LLP, Boston, MA

 



 

 

 

 

 

Steven O. Weise, Proskauer Rose LLP, Los Angeles

 

Details will be available closer to the scheduled date of this course. Please
check back later.
Format/Venue

Via Live Webcast


ALI CLE webcasts can be viewed on a desktop, laptop, or iPad/notebook, and are
supported on Safari, Firefox, Chrome, and Edge browsers. To ensure a smooth
webcast experience, do not view on a smartphone or use Internet Explorer. For
more detailed system requirements, click here.



This is an online program.
Sponsors

CLE/CPE Credit

MANDATORY CLE CREDIT

ALI CLE programs are generally accredited in all MCLE jurisdictions. Credit in
ID, LA, RI, and UT is available upon request. Click here for more information
about CLE state requirements or CPE for accountants/NASBA, or email
TeamMCLE@ali-cle.org.

New York credit: ALI CLE Elimination of Bias/Diversity/Inclusivity programs and
Skills programs are for experienced attorneys only. Newly admitted attorneys may
earn Ethics and Professionalism credit only in the live classroom setting or by
participation in a live webcast that offers synchronous interactivity; Ethics
and Professionalism webcast replays and on-demand programs are therefore not
eligible for New York transitional credit. All other ALI CLE programs are deemed
appropriate for both newly admitted and experienced New York attorneys. While
overall educational content may be noted as intermediate or advanced, it is
extensive in scope and provides learning opportunities for all experience
levels.
   
 * On-demand Course
   
 * Webcast
   

ON-DEMAND COURSE

EOB/D: Elimination of Bias/Diversity SA/MH: Substance Abuse/Mental Health

Approved

Pending

Self-Submit

Credit Not Offered State General Ethics EOB/D SA/MH Expiration Date Alabama AL
Expires: 12/31/23 1 0 0 0 12/31/23 N/A Alaska AK
Expires: 01/27/26 1 0 0 0 01/27/26 N/A Arizona AZ
Expires: 01/27/26 1 0 0 0 01/27/26 N/A Arkansas AR
Expires: 06/30/23 1 0 0 0 06/30/23 N/A California CA
Expires: 01/27/26 1 0 0 0 01/27/26 N/A Colorado CO
Expires: 01/27/25 1.2 0 0 0 01/27/25 N/A Connecticut CT
Expires: 01/27/26 1 0 0 0 01/27/26 N/A CPE Credit CPE
Expires: 0 0 0 0 N/A Delaware DE
Expires: 01/27/24 1 0 0 0 01/27/24 N/A Florida FL
Expires: 07/27/24 1 0 0 0 07/27/24 N/A Georgia GA
Expires: 12/31/23 1 0 0 0 12/31/23 N/A Hawaii HI
Expires: 01/27/25 1 0 0 0 01/27/25 N/A Idaho ID
Expires: 01/27/24 1 0 0 0 01/27/24 N/A Illinois IL
Expires: 01/26/25 1 0 0 0 01/26/25 N/A Indiana IN
Expires: 01/27/24 1 0 0 0 01/27/24 N/A Iowa IA
Expires: 01/26/24 1 0 0 0 01/26/24 N/A Kansas KS
Expires: 0 0 0 0 N/A Kentucky KY
Expires: 06/30/23 1 0 0 0 06/30/23 N/A Louisiana LA
Expires: 01/27/24 1 0 0 0 01/27/24 N/A Maine ME
Expires: 0 0 0 0 N/A Minnesota MN
Expires: 01/27/25 1 0 0 0 01/27/25 N/A Mississippi MS
Expires: 01/27/24 1 0 0 0 01/27/24 N/A Missouri MO
Expires: 01/27/26 1.2 0 0 0 01/27/26 N/A Montana MT
Expires: 01/27/26 1 0 0 0 01/27/26 N/A Nebraska NE
Expires: 01/26/25 1 0 0 0 01/26/25 N/A Nevada NV
Expires: 01/27/26 1 0 0 0 01/27/26 N/A New Hampshire NH
Expires: 01/27/26 1 0 0 0 01/27/26 N/A New Jersey NJ
Expires: 12/19/24 1.2 0 0 0 12/19/24 N/A New Mexico NM
Expires: 01/27/26 1 0 0 0 01/27/26 N/A New York NY
Expires: 01/27/26 1 0 0 0 01/27/26 N/A North Carolina NC
Expires: 12/31/23 1 0 0 0 12/31/23 N/A North Dakota ND
Expires: 01/27/26 1 0 0 0 01/27/26 N/A Ohio OH
Expires: 12/31/23 1 0 0 0 12/31/23 N/A Oklahoma OK
Expires: 01/27/24 1 0 0 0 01/27/24 N/A Oregon OR
Expires: 01/27/26 1 0 0 0 01/27/26 N/A Pennsylvania PA
Expires: 01/27/25 1 0 0 0 01/27/25 N/A Puerto Rico PR
Expires: 01/27/26 1 0 0 0 01/27/26 N/A Rhode Island RI
Expires: 06/30/23 1 0 0 0 06/30/23 N/A South Carolina SC
Expires: 12/31/23 1 0 0 0 12/31/23 N/A Tennessee TN
Expires: 01/26/24 1 0 0 0 01/26/24 N/A Texas TX
Expires: 12/31/23 1 0 0 0 12/31/23 N/A Utah UT
Expires: 12/31/23 1 0 0 0 12/31/23 N/A Vermont VT
Expires: 01/27/26 1 0 0 0 01/27/26 N/A Virgin Islands VI
Expires: 01/27/26 1.2 0 0 0 01/27/26 N/A Virginia VA
Expires: 10/31/23 1 0 0 0 10/31/23 N/A Washington WA
Expires: 01/27/28 1 0 0 0 01/27/28 N/A West Virginia WV
Expires: 01/27/26 1.2 0 0 0 01/27/26 N/A Wisconsin WI
Expires: 01/27/26 1 0 0 0 01/27/26 N/A Wyoming WY
Expires: 01/27/26 1 0 0 0 01/27/26 N/A

WEBCAST

EOB/D: Elimination of Bias/Diversity SA/MH: Substance Abuse/Mental Health

Approved

Pending

Self-Submit

Credit Not Offered State General Ethics EOB/D SA/MH Alabama AL
Expires: 1 0 0 0 Alaska AK
Expires: 1 0 0 0 Arizona AZ
Expires: 1 0 0 0 Arkansas AR
Expires: 1 0 0 0 California CA
Expires: 1 0 0 0 Colorado CO
Expires: 1.2 0 0 0 Connecticut CT
Expires: 1 0 0 0 CPE Credit CPE
Expires: 1 0 0 0 Delaware DE
Expires: 1 0 0 0 Florida FL
Expires: 1 0 0 0 Georgia GA
Expires: 1 0 0 0 Hawaii HI
Expires: 1 0 0 0 Idaho ID
Expires: 1 0 0 0 Illinois IL
Expires: 1 0 0 0 Indiana IN
Expires: 1 0 0 0 Iowa IA
Expires: 1 0 0 0 Kansas KS
Expires: 1 0 0 0 Kentucky KY
Expires: 1 0 0 0 Louisiana LA
Expires: 1 0 0 0 Maine ME
Expires: 1 0 0 0 Minnesota MN
Expires: 1 0 0 0 Mississippi MS
Expires: 1 0 0 0 Missouri MO
Expires: 1.2 0 0 0 Montana MT
Expires: 1 0 0 0 Nebraska NE
Expires: 1 0 0 0 Nevada NV
Expires: 1 0 0 0 New Hampshire NH
Expires: 1 0 0 0 New Jersey NJ
Expires: 1.2 0 0 0 New Mexico NM
Expires: 1 0 0 0 New York NY
Expires: 1 0 0 0 North Carolina NC
Expires: 1 0 0 0 North Dakota ND
Expires: 1 0 0 0 Ohio OH
Expires: 1 0 0 0 Oklahoma OK
Expires: 1 0 0 0 Oregon OR
Expires: 1 0 0 0 Pennsylvania PA
Expires: 1 0 0 0 Puerto Rico PR
Expires: 1 0 0 0 Rhode Island RI
Expires: 1 0 0 0 South Carolina SC
Expires: 1 0 0 0 Tennessee TN
Expires: 1 0 0 0 Texas TX
Expires: 1 0 0 0 Utah UT
Expires: 1 0 0 0 Vermont VT
Expires: 1 0 0 0 Virgin Islands VI
Expires: 1.2 0 0 0 Virginia VA
Expires: 1 0 0 0 Washington WA
Expires: 1 0 0 0 West Virginia WV
Expires: 1.2 0 0 0 Wisconsin WI
Expires: 1 0 0 0 Wyoming WY
Expires: 1 0 0 0


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Philadelphia, PA 19104-3099

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