Translation for "state-chosen" to spanish
Translation examples
1. The law applicable to the effectiveness of a security right in certificated non-intermediated securities as against the issuer is the law of the State under which the issuer is constituted[, unless the issuer has chosen the law of another State, in which case the law of the State chosen by the issuer is the applicable law].
1. La ley aplicable a la oponibilidad de una garantía real sobre valores certificados y no depositados en poder de un intermediario frente al emisor será la ley del Estado en cuya jurisdicción se haya constituido el emisor [, a menos que el emisor haya elegido la ley de otro Estado, en cuyo caso la ley del Estado elegido por el emisor será la ley aplicable].
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