408.201 Issuer.
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/wi/chapter-408/408-201A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
408.201 Issuer.
(1)With respect to an obligation on or a defense to a security, an “issuer” includes a person that:
(a)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;
(b)Creates a share, participation or other interest in its property or in an enterprise, or undertakes an obligation, that is an uncertificated security;
(c)Directly or indirectly creates a fractional interest in its rights or property, if the fractional interest is represented by a security certificate; or