05 Apr

UNCERTIFICATED SECURITY

Blacks Law 8th Edition: uncertificated security.A share or other interest in property or an enterprise, or an obligation of the issuer that is not represented by an instrument but is registered on the issuer’s books. UCC § 8-102(a)(18). • This term was called uncertified security in earlier versions of the UCC. — Also termed (in BrE) dematerialized security.

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