In a move to modernize and streamline Vermont's commercial laws, the state legislature introduced a new bill on February 19, 2026. The proposed legislation aims to update the state's existing commercial laws to better reflect the current business landscape and make it easier for companies to operate within the state.One of the key provisions of the bill is the adoption of the Uniform Commercial Code (UCC) as the standard for commercial transactions in Vermont. The UCC is a set of uniform laws governing commercial transactions that has been adopted by all 50 states in the US. By adopting the UCC, Vermont hopes to create a more consistent legal framework for businesses operating within the state and improve clarity and certainty in commercial transactions.The bill also includes provisions aimed at increasing transparency and accountability in commercial transactions. For example, it requires companies to disclose more information about their ownership and financial activities, in order to prevent fraud and other illegal activities. Additionally, the bill includes measures to strengthen consumer protection laws and ensure that businesses are held accountable for any deceptive or unfair practices.Another highlight of the proposed legislation is the establishment of a Commercial Law Commission, which will be tasked with reviewing and updating Vermont's commercial laws on a regular basis. The commission will consist of experts in commercial law and will work closely with businesses, consumers, and other stakeholders to ensure that Vermont's commercial laws remain relevant and effective in the rapidly changing business environment.Overall, the introduction of this bill represents a major step forward for Vermont in modernizing its commercial laws and creating a more business-friendly environment. If passed, the legislation is expected to provide significant benefits for businesses operating in the state and help Vermont remain competitive in the global marketplace.