Amends the Uniform Commercial Code to clarify jurisdiction and enforcement of security entitlements.

The bill amends the Uniform Commercial Code to clarify the jurisdiction governing security entitlements and the enforcement of these entitlements. It specifies that the local law of the issuer's jurisdiction governs certain aspects of securities, while the local law of the securities intermediary's jurisdiction governs other aspects. The bill also outlines the conditions under which a securities intermediary's jurisdiction is determined and how security entitlements can be enforced.

Amends the Uniform Commercial Code to clarify jurisdiction and enforcement of security entitlements.

The bill amends the Uniform Commercial Code to clarify the jurisdiction governing security entitlements and the enforcement of these entitlements. It specifies that the local law of the issuer's jurisdiction governs certain aspects of securities, while the local law of the securities intermediary's jurisdiction governs other aspects. The bill also outlines the conditions under which a securities intermediary's jurisdiction is determined and how security entitlements can be enforced.