UCC Article 12 and Digital Asset Collateral in Asset-Based Lending and Fund Finance Transactions

The 2022 Amendments to the Uniform Commercial Code (the 2022 Amendments)—jointly promulgated by the American Law Institute and the Uniform Law Commission—added a new Article 12 governing "controllable electronic records" (CERs) and made corresponding revisions to Article 9's rules on perfection and priority.... By: Hogan Lovells Cadwalader