Applicability

Applicability. The law (including the conflict of laws rules) of the jurisdiction of organization of the issuer governs the validity of a security, the effectiveness of registration by the issuer, and the rights and duties of the issuer with respect to: (a) Registration of transfer of a certificated security; (b) Registration of transfer, pledge, or release of an uncertificated security; and (c) Sending of statements of uncertificated securities. Source: PL 3-56, § 1 (§ 8106).