§ 8201. Issuer.
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/pa/title-13/chapter-82/8201A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§ 8201. Issuer.
(a)General rule.-- 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)Guarantor.-- 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)Person for whom transfer books maintained.-- With respect to a registration of a transfer, issuer means a person on whose behalf transfer books are maintained.
13c8201v
Cross References. Section 8201 is referred to in sections 8102, 9102 of this title.
13c8202s