Amends Massachusetts Uniform Commercial Code to modernize definitions and requirements for electronic records and transactions.

This bill updates the Massachusetts Uniform Commercial Code to reflect modern electronic commerce practices. It replaces references to "writing" with "record" in various sections, defining "record" as information inscribed on a tangible medium or stored in an electronic medium. It also introduces new definitions for terms like "controllable electronic record" and "electronic money." The bill specifies that a contract for the sale of goods for $500 or more is not enforceable unless there is a record indicating the contract.

Amends Massachusetts Uniform Commercial Code to modernize definitions and requirements for electronic records and transactions.

This bill updates the Massachusetts Uniform Commercial Code to reflect modern electronic commerce practices. It replaces references to "writing" with "record" in various sections, defining "record" as information inscribed on a tangible medium or stored in an electronic medium. It also introduces new definitions for terms like "controllable electronic record" and "electronic money." The bill specifies that a contract for the sale of goods for $500 or more is not enforceable unless there is a record indicating the contract.