§ 8-407. 8-407
74 words·~1 min read·
/us/ucc/a8/s8-407A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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 holder or owner of a certificated or uncertificated security with regard to the particular functions performed as the issuer has in regard to those functions.