ESTABLISHMENT OF SECURITIES. The registration of a security (collateral) in accordance with article 973g section 1 number 1 CO is technically not supported in the Smart Contract. The legally valid establishment of a security on a Share Token therefore requires the transfer of the Share Token, either to the beneficiary or to a smart contract that supports the establishment of securities.
Appears in 11 contracts
Samples: Registration Agreement, Registration Agreement, Registration Agreement
ESTABLISHMENT OF SECURITIES. The registration of a security (collateral) in accordance with article 973g section paragraph 1 number 1 CO is technically not supported in the Smart Contract. The legally valid establishment of a security on a Share Token therefore requires the transfer of the Share Token, either to the beneficiary or to a smart contract that supports the establishment of securities.
Appears in 2 contracts
Samples: Registration Agreement, Registration Agreement
