Minnesota SF2278 amends Uniform Commercial Code provisions regarding securities intermediaries.
SF2278 amends Minnesota Statutes to modify the applicability and choice of law for securities intermediaries. It specifies that the local law of the issuer's jurisdiction governs certain matters, including the rights and duties of the issuer and the validity of securities. It also details how the local law of the securities intermediary's jurisdiction governs acquisition of a security entitlement and the rights and duties of the intermediary and entitlement holder.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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