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TACRTFL - What is the secret ingredient?
Migration note: This post originally appeared on Reddit/Superstonk in April of 2022.
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Hey apes, time to RTFL: Read The Fucking Law. (That's the law they use to fuck us)
Can't read? No problem, I'll TACR it for you. Don't like my TACR? No problem, read it yourself. Can't read AND don't like my TACR? Find a lawyer and get them to read it for you.
First, disclaimers - I'm a big proponent of DRSing shares. I've been holding since Jan 2021, DRS'd in September, 99% DRS'd since October. I am not a lawyer, just reading (#blessed)
Let's start with where I started, the Queen herself:
https://twitter.com/SusanneTrimbath/status/1438653922449641472
Interesting enough on its own, I'd say. I like having rights and protections. But what is this "entitlement holder"?
The answer lies in the Uniform Commercial Code, in Article 8 on investment securities: