440.8207 Rights of issuer or indenture trustee with respect to registered owner.
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440.8207 Rights of issuer or indenture trustee with respect to registered owner.
Sec. 8207.
(1)Before due presentment for registration of transfer of a certificated security in registered form, or of an instruction requesting registration of transfer of an uncertificated security, the issuer or indenture trustee may treat the registered owner as the person exclusively entitled to vote, receive notifications, and otherwise exercise all the rights and powers of an owner.
(2)This article does not affect the liability of the registered owner of a security for a call, assessment, or the like.
History: 1962, Act 174, Eff. Jan. 1, 1964 ;-- Am. 1987, Act 16, Imd. Eff. Apr. 24, 1987 ;-- Am. 1998, Act 278 , Imd. Eff. July 27, 1998