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.
On December 16, 1777, Virginia was the first state to ratify. Other states ratified during the early months of 1778. When Congress reconvened in June of 1778, the delegates learned that Maryland, Delaware and New Jersey refused to ratify the Articles. The Articles required unanimous approval from the states.