Answer:
When the broker-dealer is registered, it automatically constitutes registration of the directors as agents of the broker-dealer.
Explanation:
The uniform securities act is a law created as a starting point for state securities regulations. The aim of this act is to rid tthe Security and Exchange commission of sams and fraud.
In the event that a partnership is taken over by a corporation, the Uniform Seecurities Act makes the registration of the directors of the corporation as broke-dealers.
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