The Act replaces Article 8 of the Commercial Code, which governs investment securities, with the 1977 Amendments to Article 8 drafted by the Uniform Law Commissioners. The Act provides a legal framework for the transfer of interests in uncertified"; securities, which are securities that do not require actual certificates to evidence ownership thereof. Certain conforming amendments to Articles 1, 5, and 9 of the Commercial Code are included in the Act.
Roth, Suzan E.
"COMMERCIAL CODE Investment Securities: Replace Article 8 of the Georgia Commercial Code,"
Georgia State University Law Review: Vol. 9
, Article 31.
Available at: http://readingroom.law.gsu.edu/gsulr/vol9/iss1/31