# Securities

URL: /systems/legal-and-corporate/floor/securities · Id: `floorRow:securities`

> Securities requires a board vote to issue equity and a person’s own representations on every SAFE, stock purchase, vesting agreement, and option grant.

Securities requires a board vote to issue equity and a person’s own representations on every SAFE, stock purchase, vesting agreement, and option grant.

| Property | Value |
| --- | --- |
| Wakes | A Company issues equity, signs a SAFE, grants options, or accepts an investor’s subscription. |
| Process | [Capital](/business/glossary) |
| Signs | [Founder](/agents/founding/founder), [Founding Team](/agents/founding) |
| Sources | DGCL s. 152, 153 and 157; Securities Act s. 4(a)(2) and Regulation D; IRC s. 83(b) |