During Wechsler's tenure as director, the
American Law Institute completed the second Restatements of
conflict of laws,
contracts,
judgments, and
torts, as well as the original Restatement of U.S. foreign relations law and large parts of the second Restatement of
property. 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. The ALI's Principles of
Corporate Governance and the current Restatement of Foreign Relations Law of the United States were also conceived, initiated, and developed under his direction. Following his retirement as director of the ALI in 1984, Wechsler remained active in the Institute's activities as a member of the council until his death in 2000. == Awards and honors ==