Professor Henning appointed to committee studying the Uniform Commercial Code and emerging technologies

Posted by Texas A&M School of Law on Apr 23, 2019 1:11:47 PM
Texas A&M University School of Law Professor Bill Henning has been appointed by the President of the Uniform Law Commission (ULC) to serve as a member of a newly formed ULC and ALI Joint Study Committee on the Uniform Commercial Code and Emerging Technologies. The study resulted from a recommendation to the ULC and the American Law Institute (ALI), the two organizations that sponsor the UCC, from the Permanent Editorial Board for the UCC, on which Professor Henning also serves. Professor Henning is a Life Member of the ULC and a member of the ALI.

It has become apparent in recent years that emerged and emerging technological developments, including developments in distributed ledger technology (e.g., blockchain), have created the potential for commercial transactions that are not adequately addressed by the current Official Text of the UCC. In addition, a market need has developed for negotiable electronic promissory notes under Article 3 of the UCC, which as of now requires that negotiable instruments be set out in a physical writing. The Joint Study Committee will examine these and possibly other issues and recommend whether amendments to the UCC should be drafted.

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Texas A&M School of Law is an American Bar Association-accredited institution located in downtown Fort Worth. In 2013, the law school acquired Texas Wesleyan University School of Law. Since integrating with Texas A&M five years ago, the law school has sustained a remarkable upward trajectory by dramatically increasing entering class credentials, adding nine clinics and six global field study destinations, increasing the depth and breadth of its career services, student services, academic support and admissions functions and hiring twenty-six new faculty members.

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Texas A&M, established in 1876 as the first public university in Texas, is one of the nation’s largest universities with more than 66,000 students and more than 440,000 living alumni residing in over 150 countries around the world. A tier-one university, Texas A&M holds the rare triple land-, sea- and space-grant designation. Research conducted at Texas A&M represented annual expenditures of more than $905.4 million in fiscal year 2017. Texas A&M’s research creates new knowledge that provides basic, fundamental and applied contributions resulting, in many cases, in economic benefits to the state, nation and world.

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