(a) With respect to an obligation on or a defense to a security, an "issuer" includes a person that:
Places or authorizes the placing of its name on a security certificate, other than asauthenticating 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;
Creates a share, participation, or other interest in its property or in an enterprise, orundertakes an obligation, that is an uncertificated security;
Directly or indirectly creates a fractional interest in its rights or property, if the fractional interest is represented by a security certificate; or
Becomes responsible for, or in place of, another person described as an issuer in thissection.
With respect to an obligation on or defense to a security, a guarantor is an issuer tothe extent of its guaranty, whether or not its obligation is noted on a security certificate.
With respect to a registration of a transfer, issuer means a person on whose behalftransfer books are maintained.
Source: L. 96: Entire article R&RE, p. 216, § 2, effective July 1.
Editor's note: This section is similar to former § 4-8-201 as it existed prior to 1996.