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.
(Code 1981, §11-8-407, enacted by Ga. L. 1998, p. 1323, § 1.)
RESEARCH REFERENCES
Am. Jur. 2d.
- 15A Am. Jur. 2d, Commercial Code, § 116.
C.J.S.- 2A C.J.S., Agency, § 155 et seq. 18 C.J.S., Corporations, §§ 278, 279. 90 C.J.S., Trusts, § 310 et seq.
U.L.A.- Uniform Commercial Code (U.L.A.) § 8-407.
PART 5 SECURITY ENTITLEMENTS