Proposed 2022 UCC Amendments on Digital Assets and Transactions

Agenda / Content Covered

10:00 - 11:00, Mark Stignani

1. What's in the Proposed UCC Article 12?
   1. What is a Controllable Electronic Record (CER)?
   2. CER vs. "Transferrable Record" Under E-Sign or UETA
   3. What Constitutes a "Qualifying Purchaser"
   4. CER Transfers, Tethering, the Rights of Transferees
   5. Secured Lending
   6. Payment Rights and UCC Article 9 Exceptions
   7. Choice of Law Rules in Proposed Article 12
   8. "Bundled" Transactions Rules
   9. Definition of Chattel Paper
2. How Article 12 and Article 9 Overlap and Interact
3. How the Proposed Change Will Affect Lender, Fiduciaries, Business Clients
4. Helping Clients Identify Potential Exposures and Mitigate Risks
5. Electronic Payments for Attorney Fees
6. State Adoption and Future Outlook

Accreditation Details:

Mark Stignani is a partner in the Minneapolis office of Barnes & Thornburg LLP. Mr. Stignani is the chair of the firm's data analytics practice group, applies his intellectual curiosity, technical and research savvy, and penchant for innovation to create a broad spectrum of analytics and strategic review of clients' corporate transactions, reorganizations, and intellectual property endeavors. He earned his J.D. degree from William Mitchell College of Law while working for Alliant Techsystems, and previously he had completed postgraduate work in robotics and control systems at the University of Minnesota and National Technological University while working at Honeywell, Inc. Further, Mr. Stignani is a certified information privacy professional (CIPP). He offers his insights through dozens of webinars annually and serves as a regular lecturer at colleges and universities across the state of Minnesota. Mr. Stignani also is a frequent speaker at for various associations and conferences, including Reel Lawyer, Black Hills IP Analytics Series, LES International, and Practicing Law Institute.