The Virginia General Assembly -- with the assistance of UCC study subcommittees -- generally responds promptly (and favorably) to Conference proposals. The past three General Assembly sessions are illustrative. New Article 2A governing commercial leases was adopted (1990); new Article 4A addressing electronic funds transfers between financial institutions was approved (1991); and significant revisions to Article 3A governing negotiable instruments were enacted (1992).

This year, the UCC subcommittee examined Article 6, the Bulk Transfers Act (Va. Code § 8.6-101, et. seq.). The Conference's view is that the Article should be repealed, or at least significantly revised. The HJR 147 Subcommittee agreed and recommends its repeal to the Governor and the 1993 General Assembly.