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Open-Cap-Table-Coalition / Open-Cap-Format-OCF

Open Cap Format (OCF) - The Open Source Company Capitalization Data Standard. OCF can be used to structure and track the complex data structures necessary to build and maintain accurate capitalization (cap) tables.
https://opencaptablecoalition.com
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[Enhancement]: Document Partial Cancellation Convention Where Balance Security is Same Security #531

Open JSv4 opened 2 weeks ago

JSv4 commented 2 weeks ago

Description of Enhancement :

Apparently, there are situations where balance security after a partial cancellation has the same ID. Not clear how this should be handled in the documentation. Need to document.

Why is this Needed?

This could cause issues. Proposed that we just leave balance_security_id blank and make it clear that's the appropriate approach where there is a balance.

Anything else we need to know?

jacobyavis commented 1 week ago

Related to this row in the comments sheet attached to #507

<html xmlns:v="urn:schemas-microsoft-com:vml" xmlns:o="urn:schemas-microsoft-com:office:office" xmlns:x="urn:schemas-microsoft-com:office:excel" xmlns="http://www.w3.org/TR/REC-html40">

AngelList | General questions / suggestions | Balance securities https://docs.google.com/document/d/13iXqVfq88uD4URAz2cPII2fzOTX-VVjYmXI58NmlBwY/edit |   | For uncertificated securities, balance securities may not be necessary - but for certificated securities, noted the balance approach may be required. For an event-driven ledger report, convention may need to remain Worth noting 'uncertificated securities' has no legal meaning under e.g. DE law -- | -- | -- | -- | --