SECTION 744

Public limited companies issue securities as well as other financial instruments. Within the meaning of this uniform Act, securities issued by public limited companies include: - capital securities; - debt securities other than money-market securities. The form, schedule and characteristics of money-market securities shall be defined by the competent authority of each State party. Securities shall confer identical rights by category and give access directly or indirectly to a portion of the capital of the issuing company, or to a right to a general claim on its assets. They are indivisible with respect to the issuing company. The issuance of profit shares or founder’ shares is prohibited. Public limited companies may also enter into financial agreements, also referred to as “future contracts”, where applicable, under the conditions set forth by the competent authority of each State party.