LexisNexis (June 13, 2023, 2:14 PM EDT) -- As discussed in the January 2023 issue of this Newsletter, last summer, the Uniform Law Commission (ULC) and American Law Institute (ALI) approved comprehensive amendments to the UCC designed to update the law to accommodate new and emerging technologies. These amendments, developed over four years, revise every Article of the UCC except Article 6 and create a new Article 12 governing “controllable electronic records,” a term defined to include such things as cryptocurrencies and nonfungible tokens....