UCC Article 8 governs the ownership, transfer and pledge of all "securities" and other "financial assets," but few corporate lawyers have even a basic understanding of how it works or what it requires. With the proliferation of systems of holding and transferring securities in lieu of physical certificates-"securities accounts," "clearing corporations" and "direct registration systems"-it becomes more, not less, important for corporate and securities lawyers to understand the basic legal framework.
Join us for a clear, concise and relatively painless summary of the highlights of this fundamental area of corporate and securities law.