legal fiction

Securities Laws In Drafting

Stock exchange and securities laws.

The United Democratic Commonwealth First Administrative Council passed a resolution adopting, with necessary changes, the securities laws of the United States federal system. The laws are undergoing a redrafting and streamlining for the easy and inexpensive registering of securities within the UDC by UDC Corporations.

The UDC passed incorporation laws in 2017, and these are undergoing some amendment to permit the issuance of securities on public exchanges.