47-8401. Duty of issuer to register transfer A. If a certificated security in registered form is presented to an issuer with a request to register transfer or an instruction is presented to an issuer with a request to register transfer of an uncertificated security, the issuer shall register the transfer as requested if: 1. Under […]
47-8402. Assurance that indorsement or instruction is effective; definitions A. An issuer may require the following assurance that each necessary indorsement or each instruction is genuine and authorized: 1. In all cases, a guaranty of the signature of the person making an indorsement or originating an instruction including, in the case of an instruction, reasonable […]
47-8403. Demand that issuer not register transfer A. A person who is an appropriate person to make an indorsement or originate an instruction may demand that the issuer not register transfer of a security by communicating to the issuer a notification that identifies the registered owner and the issue of which the security is a […]
47-8404. Wrongful registration A. Except as otherwise provided in section 47-8406, an issuer is liable for wrongful registration of transfer if the issuer has registered a transfer of a security to a person not entitled to it, and the transfer was registered: 1. Pursuant to an ineffective indorsement or instruction; 2. After a demand that […]
47-8405. Replacement of lost, destroyed or wrongfully taken security certificate A. If an owner of a certificated security, whether in registered or bearer form, claims that the certificate has been lost, destroyed or wrongfully taken, the issuer shall issue a new certificate if the owner: 1. So requests before the issuer has notice that the […]
47-8406. Obligation to notify issuer of lost, destroyed or wrongfully taken security certificate If a security certificate has been lost, apparently destroyed or wrongfully taken, and the owner fails to notify the issuer of that fact within a reasonable time after the owner has notice of it and the issuer registers a transfer of the […]
47-8407. Authenticating trustee, transfer agent and registrar A person acting as authenticating trustee, transfer agent, registrar or other agent for an issuer in the registration of a transfer of its securities, in the issue of new security certificates or uncertificated securities, or in the cancellation of surrendered security certificates has the same obligation to the […]
