# State law

`kaal:entity:state-law`

**Status.** derived

This node is assembled mechanically from the 3 claims that carry the concept tag `state-law`. It is a roster of what the corpus says under this term. It is **not** an adjudicated definition: no single statement here has been ruled canonical, and no first-appearance call has been made. Read the claims and judge for yourself.

## Every claim under this term

3 claims across 1 works, 2019 to 2019.

**2019**

- [3411110-023](https://wulfkaal.github.io/claims/3411110-023) [failure/asserted] *(failure mode)* -- Digital securities are not recognized under any state's current commercial law, which matters because that recognition governs margining and the pledging of securities as collateral.
  > The lack of recognition of "digital" securities under any state's current commercial law,51 which is relevant for margin / pledging securities as collateral
  Wulf A. Kaal, Samuel Evans, Blockchain-Based Securities Offerings (2019). SSRN: https://ssrn.com/abstract=3411110
- [3411110-030](https://wulfkaal.github.io/claims/3411110-030) [empirical/evidenced] -- Delaware's 2017 amendment to the Delaware General Corporation Law recognizing distributed electronic networks or databases as a valid means of creating and maintaining corporate records, including the stock ledger, is the leading state law accommodation of blockchain.
  > Most notably, Delaware amended the Delaware General Corporate Law (DGCL) in 2017 to use "distributed electronic networks or databases" to create and maintain corporate records.
  Wulf A. Kaal, Samuel Evans, Blockchain-Based Securities Offerings (2019). SSRN: https://ssrn.com/abstract=3411110
- [3411110-031](https://wulfkaal.github.io/claims/3411110-031) [empirical/evidenced] -- Vermont's prudent approach is well founded on its own analysis: the state concluded that at present the costs and challenges of using blockchain for public recordkeeping outweigh the identifiable benefits, while the first mover advantage remains difficult to quantify.
  > at present, the costs and challenges associated with the use of blockchain technology for Vermont's public recordkeeping outweigh the identifiable benefits.
  Wulf A. Kaal, Samuel Evans, Blockchain-Based Securities Offerings (2019). SSRN: https://ssrn.com/abstract=3411110

## Verify

Every claim above resolves to a record carrying a verbatim source quote, the sha256 of the source PDF, and a preformatted citation. Nothing here asks to be taken on trust.

    curl -s https://wulfkaal.github.io/entities/state-law.md | sha256sum

**Canonical form.** This markdown file is the canonical hashed representation of this entity node. Its sha256 is the content hash.