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SB 1177

SB 1177 - This act creates new provisions governing digital assets. NATURE OF DIGITAL ASSETS AND THE UNIFORM COMMERCIAL CODE (Section 409.450) The act establishes the following digital assets, all defined in the act, as intangible personal property and subject to the Uniform Commercial Code, as follows: • Digital consumer assets are considered a general intangible; • Digital securities are considered a security; • Virtual currency is considered money. The act creates standards and methods for the perfection, possession, and control of the aforementioned digital assets. Provisions are created allowing banks to provide custodial services, as that term is defined in the act, for digital assets and governing the manner in which such services are rendered to customers. REGISTRATION OF DIGITAL ASSETS (Section 409.455) The act creates a process for registering digital assets with the Secretary of State (SOS). The lawful owner of any digital asset or the owner's agent may register the digital asset with the SOS if the owner is a resident of this state or, in the case of a business entity, if the entity is incorporated or organized under Missouri law. Provisions are included relating to the information needed to be included on any application and the fee to be submitted, not to exceed $500. Registration of any digital asset is for a period of 5 years and may be renewed for successive periods. Any person who files or registers any digital asset with the SOS by knowingly making any false or fraudulent representation or declaration, orally or in writing, or by any other means, shall be liable to pay all damages sustained in consequence of the filing or registration, to be recovered by or on behalf of the injured party in any court of competent jurisdiction. SCOTT SVAGERA

2026 Regular Session Introduced by Travis Fitzwater

The bill modernizes the Court of Claims by enabling remote hearings and electronic filing, while extending crime‑victim claim deadlines to 5 years.

Second Read and Referred S Insurance and Banking Committee
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Bill Summary · SB 1177

SB 1177 — Court of Claims: terms, fees, rules (Summary)

Status: Introduced Feb 7, 2025; passed both chambers and signed by the Governor — effective Sept 1, 2025. (Document contains multiple inserted texts from other states; summary below focuses on the Court of Claims amendments that form the substantive text of SB 1177.)

Main purpose

Amend the Court of Claims Act to (1) standardize judges’ terms, (2) allow modern remote procedures, (3) grant the court rulemaking authority over filing formats and fees, and (4) extend the filing deadline for certain crime‑victim related claims.

Key provisions

  • Judges’ terms (705 ILCS 505/2)

    • Successor judges appointed by the Governor with Senate advice and consent will hold office for six‑year terms and until successors are appointed and qualified.

  • Judicial compensation (705 ILCS 505/4)

    • Each judge’s annual salary is set by the Compensation Review Board (text preserves that board set salary “or as set by the Compensation Review Board, whichever is greater”).

  • Remote sessions and evidence (705 ILCS 505/6; 505/13)

    • The court may hold sessions and take evidence remotely as it deems necessary to expedite its business.
    • Any judge or commissioner may sit or take evidence remotely.

  • Administrative rules; electronic processes (705 ILCS 505/9)

    • Authorizes the court to adopt administrative rules providing for:
    • Remote or electronic filing of claims and motions;
    • Remote participation in proceedings in any capacity;
    • Remote taking of evidence or testimony;
    • Remote payment of fees and conducting other court business.

  • Filing fees and fee rules (705 ILCS 505/21)

    • Reaffirms the court’s authority to set uniform filing fees by rule (historical amounts referenced: $15 for claims > $50 and < $1,000; $35 for claims ≥ $1,000) and to prescribe fees for copies of documents.
    • States the court may determine the form and manner of all filing fees and other charges by administrative rule.
    • Carves out categories for which no filing fee is required (e.g., certain claims based on lapsed appropriations, specific compensation acts, and medical vendor claims).

  • Statute of limitations for certain crime‑based claims (705 ILCS 505/22)

    • Changes the filing deadline for claims arising under the Crime Victims Compensation Act from 1 year to 5 years (i.e., claims must be filed within 5 years of the crime).

Who is affected

  • Claimants bringing suits against the State (including victims seeking compensation) — longer filing window for crime victims.
  • Court of Claims judges (term length and salary-setting procedure).
  • Attorneys and litigants — increased use of and reliance on remote procedures and electronic filing; potential changes in filing costs as rules are adopted.
  • Administrative staff and court IT/operations — implementation of remote hearing systems, e‑filing, and rule administration.

Procedural/timeline notes

  • Bill text amends multiple sections of the Court of Claims Act (705 ILCS 505/2, /4, /6, /9, /13, /21, /22).
  • Legislative history provided shows readings, committee actions, passage, gubernatorial signing, and an effective date of September 1, 2025.
  • A companion bill is noted as HB 4685.

Potential impacts and observations

  • Modernizes Court of Claims procedures (remote hearings, e‑filing) — could improve access and speed but will require technology, rule development, and safeguards for fair evidentiary handling.
  • Extending the filing period to 5 years for crime‑based claims may allow more victims to seek relief but could affect evidentiary availability and state exposure to older claims.
  • Shifting salary-setting to the Compensation Review Board aligns judicial pay with centralized review; fee‑setting by rule gives the court flexibility to adjust costs to litigants.

Note: The bill packet included unrelated text excerpts (e.g., a Hawaii search-and-rescue draft and Arizona rent‑regulation repeal language). Those appear to be insertion artifacts and are not part of the Court of Claims amendments summarized above.

Compiled from official sources — confirm details with the bill’s official record.

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