The Uniform Commercial Code (UCC).

In March of this year, Assemblywoman Shea Backus introduced Assembly Bill 231 (AB231) which proposes updates to The Uniform Commercial Code (UCC). Those “updates” include a change to the definition of money. The bill proposes that money be defined as, “a medium of exchange that is currently authorized or adopted by a domestic or foreign government. The term includes a … [Read more...] about Redefining Money