Peach Tree Times

State Representative Matt Reeves (R-Duluth) has been recognized by the Uniform Law Commission for his role in sponsoring Georgia’s Uniform Commercial Code Modernization Act, House Bill 1240. The bill was carried in the State Senate by President Pro Tempore John F. Kennedy and signed into law by Governor Brian Kemp in May 2024.

“I was proud to sponsor the Georgia Commercial Code Modernization Act,” said Rep. Matt Reeves. “It was certainly time for Georgia’s commercial code to be updated. With the extent of technological advances over the past two decades, it was crucial that we modernize finance and transaction laws to protect and support small businesses across the state of Georgia. I am also thankful to Governor Kemp and President Pro Tem Kennedy for their support of HB 1240.”

House Bill 1240, which spans 116 pages, marks the first update to Georgia's 900-page commercial code in two decades. The legislation aims to modernize financing and secured transaction laws, ensuring they align with technological advancements from the past 20 years.

The initiative for HB 1240 came from the State Bar of Georgia’s Business Law Section.

“We are incredibly fortunate to have lawyers/legislators like Rep. Matt Reeves who can carry an important and complicated bill like the update of the UCC to pass it through the Georgia General Assembly in a single session,” said State Bar President Ivy Cadle of Macon. “This update is important work and will be very helpful to the business community of this state.”

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