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VI. Assets, Currencies and Liability Redemptions
  
  6.2. Asset Underwritten Currencies  
  Article 95- Union Sovereign Currency Ledgers  
95.1 Union Sovereign Currency Ledgers  
  All Union Currency shall be recorded in a Currency Ledger recording the precise Serial Number of the Credits, the Abstract Number of the Instrument, the total Amount, the Authorized Bank Officer sealing the issuing the instrument, the terms of the instrument and the beneficiary of the instrument.  
  No instument of Union Sovereign Currency is valid unless it is duly recorded in the Union Currency Ledger.  
95.2 Depositing of Sovereign Currency Instruments and Currency Ledger  
  When a Union Sovereign Currency Instrument is deposited into a valid Member Account, the Member is permitted to request the re-issue of Currency Instruments in smaller or larger denominations.  
  If the exact required instruments exist as deposits then no re-issue of new Currency instruments recorded in the Currency ledger is required.  
  However, if the requested amounts to be issued are different, then those Currency Instruments equalling the amount or greater deposited into the account shall be cancelled and new instruments issued in new denominations.  
95.3 No unit of credit on a ledger may be recorded as active more than once on the Ledger  
  No Unit of Currency represented by its unique serial number may be recorded as active in more than one Ledger entry. If more than one Ledger entries indicate the same credit unit as active, then the old record is valid and the new record is invalid.  
95.4 No unit of credit may be destroyed/cancelled  
  No unit of Currency may be destroyed or cancelled such that no active record exists on the Ledger. A unit of Currency may be removed from active circulation, but it may not be destroyed.  
95.5 Currency Provenance (History)  
  As every change in status of a unit of Currency is recorded in the Ledger, the Ledger represents both the active status of all Currency as well as the provenance and history of every unit of currency.  
  Therefore, a unit of currency unable to demonstrate provenance cannot be considered valid.  
     
     
     
     
 
 

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