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 contains a good model.
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)
See Uniform Electronic Transactions Act ('UETA'), available at http://www.law.upenn.edu/bll/ulc/fnact99/1990s/ ueta99.htm (last visited Jan.
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.
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.
State Law and the Uniform Electronic Transactions Act
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 Uniform Electronic Transactions Act ("UETA") was adopted in 1999 by the National Conference of Commissioners on Uniform State Laws.
In 1999, the Chicago-based National Conference of Commissioners on Uniform State Laws adopted the Uniform Electronic Transactions Act (UETA).
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.
While there are numerous pieces of legislation that deal with data retention, including the Health Insurance Portability and Accountability Act (HIPAA) of 1996, The Gramm-Leach-Bliley Act (GLB) also known as the Financial Modernization Act of 1999, and the Uniform Electronic Transactions Act (UETA) of 1999, probably the most talked about and anxiety-producing is the Sarbanes-Oxley Act of 2002.

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