Idaho Senate joined the growing list of states that have enacted the 2010 Amendments to UCC Article 9. The governor signed Senate Bill 1307 on Tuesday, March 27, 2012. The new law enacts the Alternative A “Only If” approach for individual debtor name sufficiency in Section 9-503(a)(4), incorporates images of the 04/20/2011 safe harbor forms in Section 9-521 and adopts the uniform effective date of July 1, 2013.
CSC will continue to provide updates for any significant developments with state Article 9 legislation.