The Department of State is statutorily charged with the operation of Puerto Rico's Trademarks Office, the Corporate Registry, the Commercial Transactions (UCC) Registry, the Puerto Rico Office of Protocol, International and Interstate Relations, the Passport Acceptance Offices and providing support to twenty professional examining boards and the Office of the Intellectual Property Registrar.
That update of the UCC treats the majority of the transfers of dematerialized securities as mere reflections of their respective initial issue registered by the two American central securities depositories, respectively the Depository Trust Company (DTC) for the securities issued by corporations and the Federal reserve for the securities issued by the Treasury Department.
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In this centralised system, the title transfer of the securities does not take place at the time of the registration on the account of the investor, but within the systems managed by the DTC or by the Federal reserve.
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The Institute also conducted various studies in federal taxation and completed the Federal Securities Code, the Model Land Development Code, the Model Code of Pre-Arraignment Procedure, the Study of the Division of Jurisdiction Between State and Federal Courts, and made major revisions to the Uniform Commercial Code.
Corporations Division administers business filings, including corporation and other business and organization formation, and those related to the Uniform Commercial Code.
He has published the most widely recognized treatise on commercial law, Uniform Commercial Code with Robert S. Summers.