HB 103 (1991): relative to the time period for perfection of a purchase money security interest under the uniform commercial code.

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@misc{bill-1991-hb103, title = {HB 103 (1991): relative to the time period for perfection of a purchase money security interest under the uniform commercial code.}, howpublished = {Granite Record}, url = {https://graniterecord.org/bill/1991/hb103}, note = {Accessed 24 Oct. 2026} }

HB 103 (1991)

relative to the time period for perfection of a purchase money security interest under the uniform commercial code.

  • Status: Signed into law
  • Term: 1991-1992
  • House committee: Commerce, Small Business and Consumer Affairs
  • Senate committee: Banks
  • Subject: Banking and Finance
  • Chapter law: 8

The Story

It was introduced on January 3, 1991 and referred to the House Commerce, Small Business and Consumer Affairs committee. The committee held a public hearing on January 24, 1991. The majority of the committee recommended that the House pass it unanimously, 13–0, and the report was placed on the consent calendar. On February 5, 1991 the House voted to pass it. It crossed to the Senate on March 5, 1991 and was referred to the Senate Banks committee. The committee held a public hearing on April 2, 1991. The committee recommended that the Senate pass it. On April 9, 1991 the Senate voted to pass it on a voice vote. The bill was enrolled on April 16, 1991 — the final check of the text before it goes to the governor. The governor signed it on April 19, 1991, making it Chapter 8 of the session laws. It took effect on June 18, 1991.

Sponsors

  • Rep. B. Gage (Rock 20) (prime sponsor)

Hearings and Sessions

  • January 24, 1991, 1:00 PM: hearing, House Commerce, Small Business and Consumer Affairs, RM207,LOB
  • April 2, 1991, 9:30 AM: hearing, Senate Banks, RM103,LOB

Votes

  • April 9, 1991, Senate: Ought to Pass — voice vote, passed

The Docket

  • January 3, 1991: INTRODUCED AND REF TO COMMERCE; HJ10,P84
  • January 15, 1991: IN SEAT POCKET ON JAN15 DUE ON FEB19
  • January 24, 1991: HEARING JAN24 01:00 RM207,LOB FOR: COMMERCE
  • January 29, 1991: MAJ REPORT OTP FOR FEB05 (VOTE 13-0;CC)
  • February 5, 1991: PASSED; HJ18,P178 + 192
  • March 5, 1991: INTRODUCED AND REF TO BANKS; (SEE PERM JRNL)
  • April 2, 1991: HEARING APR02 09:30 RM103,LOB FOR: BANKS
  • April 4, 1991: COMM REPORT OTP APR09
  • April 9, 1991: PASSED VV; SJ16,P222 + 228
  • April 11, 1991: ENROLLED; HJ69,P1575
  • April 16, 1991: ENROLLED; SJ17,P241
  • April 19, 1991: SIGNED BY GOVERNOR 04/19/91 EFF: 06/18/91 CHAP.0008

Laws It Would Change

From the General Court