republic-os/legislation/us/states/al/2023rs/hb-348.md

---
type: "Bill"
title: "Relating to the Uniform Commercial Code; to add Article 12 to the Uniform Commercial Code to govern the property rights of certain intangible digital assets (controllable electronic records), including electronic rights to payment, to provide for a manner to establish the transfer and control of those assets, to provide a mechanism for evidencing certain rights of payment, and to adopt special rules with regard to the payment obligations and conditions of discharge of account debtors on controllable accounts and controllable payment intangibles; to amend Sections 7-1-201, 7-1-204, 7-1-301, 7-1-306, 7-2-102, 7-2-106, 7-2-201, 7-2-202, 7-2-203, 7-2-205, 7-2-209, 7-2A-102, 7-2A-103, 7-2A-107, 7-2A-201, 7-2A-202, 7-2A-203, 7-2A-205, 7-2A-208, 7-3-104, 7-3-105, 7-3-401, 7-3-604, 7-4A-103, 7-4A-201, 7-4A-202, 7-4A-203, 7-4A-207, 7-4A-208, 7-4A-210, 7-4A-211, 7-4A-305, 7-5-104, 7-5-116, 7-7-102, 7-7-106, 7-8-102, 7-8-103, 7-8-106, 7-8-110, 7-8-303, 7-9A-102, 7-9A-104, 7-9A-105, 7-9A-203, 7-9A-204, 7-9A-207, 7-9A-208, 7-9A-209, 7-9A-210, 7-9A-301, 7-9A-304, 7-9A-305, 7-9A-310, 7-9A-312, 7-9A-313, 7-9A-314, 7-9A-316, 7-9A-317, 7-9A-323, 7-9A-324, 7-9A-330, 7-9A-331, 7-9A-332, 7-9A-334, 7-9A-341, 7-9A-404, 7-9A-406, 7-9A-408, 7-9A-509, 7-9A-513, 7-9A-601, 7-9A-605, 7-9A-608, 7-9A-611, 7-9A-613, 7-9A-614, 7-9A-615, 7-9A-616, 7-9A-619, 7-9A-620, 7-9A-621, 7-9A-624, and 7-9A-628, Code of Alabama 1975, and to add Sections 7-9A-107A, 7-9A-107B, 7-9A-306A, 7-9A-306B, 7-9A-314A, and 7-9A-326A to the Code of Alabama 1975, to provide a substantial revision to the Uniform Commercial Code in conformity with a substantial portion of the Uniform Commercial Code Amendments (2022), to clarify the meaning of the term chattel paper and other definitions, to define and provide for hybrid transactions, and to provide extensive amendments to the Uniform Commercial Code providing for the perfection of security interests in controllable electronic records, documents of title, chattel paper, and other assets; and to add Article 12A to the Uniform Commercial Code to provide transitional provisions for the Uniform Commercial Code Amendments (2022)."
description: "Uniform Commercial Code Amendments (2022), adopted"
jurisdiction: "us/states/al"
legislature: "Alabama Legislature"
session: "2023rs"
identifier: "HB 348"
citation: "Alabama HB 348 (2023rs)"
classification: ["bill"]
subjects: ["Uniform Commercial Code Amendments (2022)"]
status: "enacted"
primary_sponsors: ["David Faulkner"]
version_count: 6
action_count: 21
vote_count: 2
first_action: "2023-04-20T04:00:00+00:00"
last_action: "2023-06-14T13:30:00+00:00"
source: "openstates"
source_identifier: "ocd-bill/a5e35a31-aa7e-47ac-bbe2-041af66534bb"
source_url: "https://alison.legislature.state.al.us/bill-search"
source_hash: "a9e8a4af806969144110b821e7630c0e3fd88a9cfca921b0b9e172ec4725d09b"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-al"]
---

# Alabama HB 348 (2023rs) — Relating to the Uniform Commercial Code; to add Article 12 to the Uniform Commercial Code to govern the property rights of certain intangible digital assets (controllable electronic records), including electronic rights to payment, to provide for a manner to establish the transfer and control of those assets, to provide a mechanism for evidencing certain rights of payment, and to adopt special rules with regard to the payment obligations and conditions of discharge of account debtors on controllable accounts and controllable payment intangibles; to amend Sections 7-1-201, 7-1-204, 7-1-301, 7-1-306, 7-2-102, 7-2-106, 7-2-201, 7-2-202, 7-2-203, 7-2-205, 7-2-209, 7-2A-102, 7-2A-103, 7-2A-107, 7-2A-201, 7-2A-202, 7-2A-203, 7-2A-205, 7-2A-208, 7-3-104, 7-3-105, 7-3-401, 7-3-604, 7-4A-103, 7-4A-201, 7-4A-202, 7-4A-203, 7-4A-207, 7-4A-208, 7-4A-210, 7-4A-211, 7-4A-305, 7-5-104, 7-5-116, 7-7-102, 7-7-106, 7-8-102, 7-8-103, 7-8-106, 7-8-110, 7-8-303, 7-9A-102, 7-9A-104, 7-9A-105, 7-9A-203, 7-9A-204, 7-9A-207, 7-9A-208, 7-9A-209, 7-9A-210, 7-9A-301, 7-9A-304, 7-9A-305, 7-9A-310, 7-9A-312, 7-9A-313, 7-9A-314, 7-9A-316, 7-9A-317, 7-9A-323, 7-9A-324, 7-9A-330, 7-9A-331, 7-9A-332, 7-9A-334, 7-9A-341, 7-9A-404, 7-9A-406, 7-9A-408, 7-9A-509, 7-9A-513, 7-9A-601, 7-9A-605, 7-9A-608, 7-9A-611, 7-9A-613, 7-9A-614, 7-9A-615, 7-9A-616, 7-9A-619, 7-9A-620, 7-9A-621, 7-9A-624, and 7-9A-628, Code of Alabama 1975, and to add Sections 7-9A-107A, 7-9A-107B, 7-9A-306A, 7-9A-306B, 7-9A-314A, and 7-9A-326A to the Code of Alabama 1975, to provide a substantial revision to the Uniform Commercial Code in conformity with a substantial portion of the Uniform Commercial Code Amendments (2022), to clarify the meaning of the term chattel paper and other definitions, to define and provide for hybrid transactions, and to provide extensive amendments to the Uniform Commercial Code providing for the perfection of security interests in controllable electronic records, documents of title, chattel paper, and other assets; and to add Article 12A to the Uniform Commercial Code to provide transitional provisions for the Uniform Commercial Code Amendments (2022).

Uniform Commercial Code Amendments (2022), adopted

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **Introduced** (filed) — [source](https://www.legislature.state.al.us/pdf/SearchableInstruments/2023RS/HB348-int.pdf)
2. **Act 2023-492** (committee substitute) — [source](http://arc-sos.state.al.us/ucp/L1286202.AI1.pdf)
3. **Amendment L9TGYA-1** (committee substitute) — [source](https://www.legislature.state.al.us/pdf/SearchableInstruments/2023RS/L9TGYA-1.pdf)
4. **Engrossed** (committee substitute) — [source](https://www.legislature.state.al.us/pdf/SearchableInstruments/2023RS/HB348-eng.pdf)
5. **Judiciary Amendment WFS1E9-1** (committee substitute) — [source](https://www.legislature.state.al.us/pdf/SearchableInstruments/2023RS/WFS1E9-1.pdf)
6. **Enrolled** (enrolled) — [source](https://www.legislature.state.al.us/pdf/SearchableInstruments/2023RS/HB348-enr.pdf)

## Votes

- Roll of the H for Vote 604 on HB348 (2023 Regular Session) — **100–0** (pass) · lower
- Roll of the H for Vote 603 on HB348 (2023 Regular Session) — **101–0** (pass) · lower

## Sponsors

- David Faulkner — primary (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2023-06-01T04:00:00+00:00** Enrolled
- **2023-06-01T04:00:00+00:00** Enrolled
- **2023-06-01T04:00:00+00:00** Ready to Enroll
- **2023-06-01T04:00:00+00:00** Read a Third Time and Pass `passage`
- **2023-06-01T04:00:00+00:00** On Third Reading in Second House
- **2023-05-24T04:00:00+00:00** Read Second Time in Second House
- **2023-05-24T04:00:00+00:00** Reported Out of Committee in Second House
- **2023-05-24T04:00:00+00:00** Reported Favorably (Judiciary) `committee-passage`
- **2023-05-11T04:00:00+00:00** Referred to Committee (Judiciary) `referral-committee`
- **2023-05-11T04:00:00+00:00** Read First Time in Second House `reading-1`
- **2023-05-09T04:00:00+00:00** Read a Third Time and Pass as Amended `passage`
- **2023-05-09T04:00:00+00:00** Adopt
- **2023-05-09T04:00:00+00:00** On Third Reading in House of Origin
- **2023-05-03T04:00:00+00:00** Read Second Time in House of Origin
- **2023-05-03T04:00:00+00:00** Reported Out of Committee in House of Origin
- **2023-05-03T04:00:00+00:00** Reported Favorably (Judiciary) `committee-passage`
- **2023-05-03T04:00:00+00:00** AMD/SUB (Judiciary)
- **2023-05-01T04:00:00+00:00** AMD/SUB (Judiciary)
- **2023-04-20T04:00:00+00:00** Introduced and Referred (Judiciary) `introduction, referral`
- **2023-04-20T04:00:00+00:00** Read First Time in House of Origin `reading-1`
- **2023-06-14T13:30:00+00:00** Enacted as 2023-492 `became-law`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/a5e35a31-aa7e-47ac-bbe2-041af66534bb`. Confidence: reported (aggregated from official Alabama legislature records).