House Sponsors: HOFFMAN. Short description: UCC-SECURED TRANSACTIONS-CD'S Synopsis of Bill as introduced: Amends the Secured Transactions Article of the Uniform Commercial Code. Provides that "deposit account" includes certain accounts maintained with a bank as bank is defined in the Article on bank deposits and collections. Defines "non-negotiable certificate of deposit" and "non-transferable certificate of deposit" and includes them in the definition of "instrument". Defines "uncertificated certificate of deposit" as an obligation of a bank to repay a sum of money represented only by a writing in the books of the bank or documentation given to a customer, and provides that a filing is not required to perfect a security interest in an uncertificated certificate of deposit, but such interest is perfected when the security agreement is signed, or when the issuer acknowledges and consents to notice of perfection by the secured party. Effective immediately. FISCAL NOTE (Office of Banks and Real Estate) No fiscal impact for the Office of Banks and Real Estate. Last action on Bill: SESSION SINE DIE Last action date: 99-01-12 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status