Uniform Electronic Transactions Act


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Uniform Electronic Transactions Act (UETA)

An attempt to bring commerce into the twenty-first century by recognizing the importance of electronic documents and by providing rules for granting legal effect to them and protecting against abuses. Many states passed local versions of the UETA; some apply to real estate and some do not.The federal version is called the Electronic Signatures in Global and National Commerce Act (E-Sign). It governs in the absence of state laws, or when state laws are inconsistent with E-Sign.The critical issue in real estate is whether an exchange of e-mails or e-mailed documents may satisfy the Statute of Frauds requirement that almost all contracts related to real estate must be in writing.This issue is still unsettled and controversial. See also uniform laws.

References in periodicals archive ?
Uniform Electronic Transactions Act (4 August 1999 draft) (adopted at its Annual Conference Meeting in its One-Hundred-And-Eighth Year in Denver, Colorado (July 23B30 1999 (United States)
These statutes--revised Article 9 to the Uniform Commercial Code, the Uniform Electronic Transactions Act (UETA), and the Electronic Signatures in Global and National Commerce Act (E-SIGN)--will result in new forms of transactions that, while functionally equivalent to familiar forms, will look very different.
The National Council of Commissioners for Uniform Law has had growing acceptance of the Uniform Electronic Transactions Act (UETA).
But companies still cannot disregard state laws, such as the Uniform Electronic Transactions Act (UETA).
As early as 1991, the federal government made an attempt at consistency among the states by encouraging them to adopt the Uniform Electronic Transactions Act (UETA), a model act governing e-commerce transactions.
Moretti also expected the Uniform Electronic Transactions Act to return in some form (HB 1329 in the 2000 session).
Governor Gray Davis has signed the Uniform Electronic Transactions Act, which will become law on January 1, 2000.
The legal standing that comes with CertifiedEmail PS is provided by The Uniform Electronic Transactions Act (UETA) and Electronic Signatures in Global and National Commerce Act (ESIGN), which became a U.
This is exactly what happened in the late 1990s when the Uniform Law Commission drafted model legislation for eRecording under the Uniform Electronic Transactions Act (UETA).
7 /PRNewswire/ -- The elimination of legal barriers by the Electronic Signatures in Global and National Commerce Act (ESIGN) and the Uniform Electronic Transactions Act (UETA) opened the doors for financial services organizations to adopt electronic-commerce initiatives such as electronic signatures (e-signatures) and secure documents.
The National Conference of Commissioners on Uniform State Laws has approved model legislation, the Uniform Electronic Transactions Act (UETA), meeting the requirements to avoid preemption.
The Uniform Electronic Transactions Act (UETA) makes electronic records and signatures as legal as paper and manually signed signatures.

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