Shown verbatim: the complete text as captured from the official PDF posted by the Arkansas General Assembly, fetched 2026-07-23. Page and line markers are part of the official record; nothing is edited or removed. The official bill page.
Stricken language would be deleted from and underlined language would be added to present law.
1 State of Arkansas A Bill
2 95th General Assembly
3 Regular Session, 2025 SENATE BILL 133
4
5 By: Senators J. Boyd, J. Dotson, M. McKee, C. Penzo
6 By: Representatives Beaty Jr., L. Johnson, Long
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8 For An Act To Be Entitled
9 AN ACT TO AMEND THE UNIFORM COMMERCIAL CODE; TO
10 DEFINE "CENTRAL BANK DIGITAL CURRENCY" UNDER THE
11 UNIFORM COMMERCIAL CODE; TO MODIFY THE UNIFORM
12 COMMERCIAL CODE DEFINITIONS OF "MONEY" AND "DEPOSIT
13 ACCOUNT"; AND FOR OTHER PURPOSES.
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16 Subtitle
17 TO AMEND THE UNIFORM COMMERCIAL CODE; TO
18 DEFINE "CENTRAL BANK DIGITAL CURRENCY"
19 UNDER THE UNIFORM COMMERCIAL CODE; AND
20 TO MODIFY THE UNIFORM COMMERCIAL CODE
21 DEFINITIONS OF "MONEY" AND "DEPOSIT
22 ACCOUNT".
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24 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF ARKANSAS:
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26 SECTION 1. Arkansas Code � 4-1-201(b)(24), concerning the Uniform
27 Commercial Code definition of "money", is amended to read as follows:
28 (24) "Money" means a medium of exchange that is currently
29 authorized or adopted by a domestic or foreign government. The term includes
30 a monetary unit of account established by an intergovernmental organization
31 or by agreement between two (2) or more countries. "Money" does not include a
32 central bank digital currency.
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34 SECTION 2. Arkansas Code � 4-1-201(b), concerning the general
35 definitions used in the Uniform Commercial Code, is amended to add an
36 additional subdivision to read as follows:
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SB133
1 (44) "Central bank digital currency" means a digital currency, a
2 digital medium of exchange, or a digital monetary unit of account issued by
3 the Federal Reserve System, a federal agency, a foreign government, a foreign
4 central bank, or a foreign reserve system that is made directly available to
5 a consumer by such entities. "Central bank digital currency" includes a
6 digital currency, a digital medium of exchange, or a digital monetary unit of
7 account issued by the Federal Reserve System, a federal agency, a foreign
8 government, a foreign central bank, or a foreign reserve system that is
9 processed or validated directly by such entities.
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11 SECTION 3. Arkansas Code � 4-9-102(29), concerning the Uniform
12 Commercial Code -- Secured Transactions definition of "deposit account", is
13 amended to read as follows:
14 (29) "Deposit account" means a demand, time, savings, passbook,
15 or similar account maintained with a bank. The term "deposit account" does
16 not include investment property, central bank digital currency, or accounts
17 evidenced by an instrument.
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2 01/28/2025 9:15:16 AM ANS176Every fact on this page links to its source, starting with the official bill record.