Amends South Carolina's Uniform Commercial Code to update definitions and provisions related to electronic records, control, and security interests.

The bill amends South Carolina's Uniform Commercial Code to update definitions and provisions related to electronic records, control, and security interests. It modifies the definition of "control" for various types of electronic records and accounts, and specifies conditions under which a person has control. It also updates provisions on the perfection and priority of security interests, including those in chattel paper, deposit accounts, and investment property.

Amends South Carolina's Uniform Commercial Code to update definitions and provisions related to electronic records, control, and security interests.

The bill amends South Carolina's Uniform Commercial Code to update definitions and provisions related to electronic records, control, and security interests. It modifies the definition of "control" for various types of electronic records and accounts, and specifies conditions under which a person has control. It also updates provisions on the perfection and priority of security interests, including those in chattel paper, deposit accounts, and investment property.