Rights and Duties of Issuer With Respect to Registered Owners

  1. Law
  2. Georgia Code
  3. Commercial Code
  4. Investment Securities
  5. Issue and Issuer
  6. Rights and Duties of Issuer With Respect to Registered Owners

Checkout our iOS App for a better way to browser and research.

  1. Before due presentment for registration of transfer of a certificated security in registered form or of an instruction requesting registration of transfer of an uncertificated security, the issuer or indenture trustee may treat the registered owner as the person exclusively entitled to vote, receive notifications, and otherwise exercise all the rights and powers of an owner.
  2. This article does not affect the liability of the registered owner of a security for a call, assessment, or the like.

(Code 1981, §11-8-207, enacted by Ga. L. 1998, p. 1323, § 1.)

RESEARCH REFERENCES

Am. Jur. 2d.

- 15A Am. Jur. 2d, Commercial Code, § 86. 18 Am. Jur. 2d, Corporations, § 413. 19 Am. Jur. 2d, Corporations, § 896.

C.J.S.

- 18 C.J.S., Corporations, § 383.

U.L.A.

- Uniform Commercial Code (U.L.A.) § 8-207.

ALR.

- Title to securities in possession of broker (or his pledgee) who has purchased them for or sold them to customer, 41 A.L.R. 1254.

Stockholders' statutory liability as assignable or subject to sale, 82 A.L.R. 1285; 159 A.L.R. 1114.

Uniform Stock Transfer Act as applicable to shares in savings and loan associations or building and loan associations, 143 A.L.R. 1152.

Construction and effect of UCC § 8-207(1) allowing issuer of investment security to treat registered owner as entitled to owner's rights until presentment for registration of transfer, 21 A.L.R.4th 879.


Download our app to see the most-to-date content.