As such, investment bankers are required to abide by their firm's stipulated code of conduct and will generally sign a confidentiality agreement, given the sensitive nature of the information they receive.
In September of 1787, it was sent to the states for ratification. Nine of the 13 states would have to ratify it for the Constitution to become effective for those ratifying states. The future was not certain at allâa debate began among the states over ratification.
1 When submitted to the states, ratification by thirteen states was required for it to become part of the Constitution; eleven had done so by early 1812. 2  However, with the addition of Louisiana into the Union that year (April 30, 1812), the ratification threshold rose to fourteen. proposed amendment becomes an operative part of the Constitution as soon as it is ratified by three-fourths of the States (currently 38 of the 50 States). There is no further step. The text requires no additional action by Congress or anyone else after ratification by the final state.