On May 28, Vermont Governor Peter Shumlin signed House Bill 483, which contains the Amendments to UCC Revised Article 9 with no non-uniform provisions and adopts Alternative A (the so called “only if” option) for individual debtor names. The new provisions will be effective July 1, 2014. The text of the bill can be found here.
In addition, the New York State Assembly re-introduced RRA9 legislation on May 30. AB 9933, which also adopts Alternative A for individual debtor names, is written with an effective date of “Immediate upon passage.”
An updated matrix of the individual states’ adoption of the new amendments to the Article 9 of the Uniform Commercial Code, will be made available here on this blog shortly after New York’s legislation passes.