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PROPOSED FINAL DRAFT 1 [i] (January 1, 1977)

handle is hein.ali/alifs0047 and id is 1 raw text is: THIS DRAFT IS PRIVATE AND CONFIDENTIAL - PUBLIC DISCLOSURE IS PROHIBITED* (Not to be sold, offered for sale, or otherwise published) THE AMERICAN LAW INSTITUTE FEDERAL SECURITIES CODE PROPOSED FINAL DRAFT NO. 1 January 1, 1977 This is a preliminary draft submitted on a private and con- fidential basis to a limited group for the sole purpose of study and criticism. It has not been promulgated or approved by the Council or the members of The American Law Institute. As an unpublished document intended for internal use, this draft should not be generally circulated or distributed, nor should it be quoted from or cited or its substance disclosed in any public address or writing.