ULC

Acts

UCC Article 8, Investment Securities (1994)

Description

The Revised UCC8 provides a modern legal structure for the system of securities holding through securities intermediaries. The revision sets forth rules concerning the system through which securities are held, specifiying the mechanisms by which ownership and other interests in securities are recorded and changed, and some of the rights and duties of the parties who participate in the securities holding system.

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Drafting History

Origin: Completed by the Uniform Law Commission and the American Law Institute in 1994.
Committee/Resources: Commercial Code Article 8