Uniform Law Commission

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The Uniform Law Commission (ULC) is set to meet this week and next in Anchorage, Alaska to discuss and vote on model state legislation concerning drones. The ULC’s proposed legislation is an attempt to recognize the fact that drones can be transformative to search and rescue, inspection and logistics, but that when misused, a drone…

New model legislation introduced by the National Conference of Commissioners on Uniform State Laws (Uniform Law Commission) seeks to give property owners the right to the airspace above their property from 200 feet and below. In 1946, the U.S. Supreme Court decided that the airspace belonged to the federal government; in 1962, a court decision…

The Uniform Law Commission is set to vote on a draft Uniform Regulation of Virtual Currency Businesses Act at its upcoming annual meeting in San Diego beginning on July 14th. As numerous states and federal regulators have already begun the process of regulating virtual currencies through “money transmitter” statutes or related legislation, the uniform act attempts to establish model standards for the regulation of business activities tailored to virtual currencies.

Specifically, the uniform act would regulate businesses whose products and services include: (1) the exchange of virtual currencies for cash, bank deposits, or other virtual currencies; (2) the transfer from one customer to another of virtual currencies; or (3) certain custodial or fiduciary services in which the property or assets being controlled or managed include virtual currency. The act includes several exemptions from regulation for banks, securities brokers, personal or household purchases, blockchain data miners and others.
Continue Reading Primer on the Draft Uniform Regulation of Virtual Currency Businesses Act

The list of states that have passed social media legislation is getting longer. Early next week, Oklahoma will become the newest state to consider social media legislation (along with approximately 23 others) to prohibit employers from asking employees or applicants to provide them with their social media account passwords and from being forced to access…