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Document Type

Peach Sheet

Abstract

The Act replaces Article 8 of the Commercial Code, which governs investment securities, with the 1977 Amendments to Article 8 drafted by the Uniform Law Commissioners. The Act provides a legal framework for the transfer of interests in uncertified"; securities, which are securities that do not require actual certificates to evidence ownership thereof. Certain conforming amendments to Articles 1, 5, and 9 of the Commercial Code are included in the Act.

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Law Commons

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