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.
According to Article VII, the Constitution was required to be ratified by 9 of the 13 states before it went into effect. This process was completed on June 21, 1788 with the ratification by the state of New Hampshire. All 13 eventually ratified, the last two being North Carolina (1789) and Rhode Island (1790).