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[Enhancement]: Document Partial Cancellation Convention Where Balance Security is Same Security

Open JSv4 opened this issue 1 year ago • 1 comments

Description of Enhancement :

Apparently, there are situations where balance security after a partial cancellation has the same ID. Not clear how this should be handled in the documentation. Need to document.

Why is this Needed?

This could cause issues. Proposed that we just leave balance_security_id blank and make it clear that's the appropriate approach where there is a balance.

Anything else we need to know?

JSv4 avatar Sep 12 '24 16:09 JSv4

Related to this row in the comments sheet attached to #507

AngelList General questions / suggestions Balance securities https://docs.google.com/document/d/13iXqVfq88uD4URAz2cPII2fzOTX-VVjYmXI58NmlBwY/edit   For uncertificated securities, balance securities may not be necessary - but for certificated securities, noted the balance approach may be required. For an event-driven ledger report, convention may need to remain Worth noting 'uncertificated securities' has no legal meaning under e.g. DE law

jacobyavis avatar Sep 16 '24 21:09 jacobyavis