§12A-8-201. "Issuer".
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"Issuer".
(a)With respect to an obligation on or a defense to a security, an "issuer" includes a person that:
(1)places or authorizes the placing of its name on a
security certificate, other than as authenticating
trustee, registrar, transfer agent, or the like, to
evidence a share, participation, or other interest in
its property or in an enterprise, or to evidence its
duty to perform an obligation represented by the
certificate;
(2)creates a share, participation, or other interest in
its property or in an enterprise, or undertakes an
obligation, that is an uncertificated security;
(3)directly or indirectly creates a fractional interest
in its rights or property, if the fractional interest
is represented by a security certificate; or
(4)becomes responsible for, or in place of , another
person described as an issuer in this section.
(b)With respect to an obligation on or defense to a security, a guarantor is an issuer to the extent of its guaranty, whether or not its obligation is noted on a security certificate.
(c)With respect to a registration of a transfer, issuer means a person on whose behalf transfer books are maintained. Added by Laws 1961, p. 153, § 8-201. Amended by Laws 1984, c. 76, § 10, eff. Nov. 1, 1984; Laws 1995, c. 242, § 17, eff. Feb. 1, 1996.