§ 6-56-1. Short title. This chapter shall be known and may be cited as the “Uniform Supplemental Commercial Law for the Uniform Regulation of Virtual-Currency Businesses Act.” History of Section.P.L. 2019, ch. 226, § 5; P.L. 2019, ch. 246, § 5.
§ 6-56-10. Relation to Electronic Signatures in Global and National Commerce Act. This chapter modifies, limits, or supersedes the Electronic Signatures in Global and National Commerce Act, 15 U.S.C. § 7001 et seq., but does not modify, limit, or supersede Section 101(c) of that act, 15 U.S.C. § 7001(c), or authorize electronic delivery of any […]
§ 6-56-11. Severability. If any provision of this chapter or its application to any person or circumstance is held invalid, the invalidity does not affect other provisions or application of this chapter which can be given effect without the invalid provision or application, and to this end the provisions of this chapter are severable. History […]
§ 6-56-2. Definitions. (a) As used in this chapter: (1) “Article 8” means Article 8 of the Uniform Commercial Code, as amended, in substantially the form approved by the American Law Institute and the National Conference of Commissioners on Uniform State Laws. (2) “Control” has the meaning provided in § 19-14.3-1.1(1). (3) “Hague Securities Convention” […]
§ 6-56-3. Scope. This chapter applies to: (1) A person or transaction governed by the Uniform Regulation of Virtual-Currency Businesses Act; and (2) A user that is not a resident if the user or transaction with the user would be governed by the Uniform Regulation of Virtual-Currency Businesses Act if the user were a resident. […]
§ 6-56-4. Incorporation of Article 8. (a) The relationship between a licensee or registrant and a user shall be evidenced by an agreement in a record signed by the licensee or registrant and by the user. The agreement: (1) Shall specify the jurisdiction whose law governs the agreement; (2) If governed by the law of […]
§ 6-56-5. Qualifying office under Hague Securities Convention. (a) A licensee shall maintain in a state an office that complies with the second sentence of Article 4(1) of The Hague Securities Convention. (b) The effect of this section may not be varied by agreement. History of Section.P.L. 2019, ch. 226, § 5; P.L. 2019, ch. […]
§ 6-56-6. Effect of failure to comply with this chapter. Failure to comply with this chapter is a violation of the Uniform Regulation of Virtual-Currency Businesses Act. History of Section.P.L. 2019, ch. 226, § 5; P.L. 2019, ch. 246, § 5.
§ 6-56-7. No inference as to characterization under other statute or rule. Treatment of virtual currency as a financial asset credited to a securities account under this chapter and Article 8 of the Uniform Commercial Code does not determine the characterization or treatment of the virtual currency under any other statute or rule. History of […]
§ 6-56-8. Supplementary law. Unless displaced by the particular provisions of this chapter, the principles of law and equity supplement this chapter. History of Section.P.L. 2019, ch. 226, § 5; P.L. 2019, ch. 246, § 5.
§ 6-56-9. Uniformity of application and construction. In applying and construing this uniform act, consideration must be given to the need to promote uniformity of the law with respect to its subject matter among states that enact it. History of Section.P.L. 2019, ch. 226, § 5; P.L. 2019, ch. 246, § 5.
