Authenticating Trustee, Transfer Agent, and Registrar.
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.
Added by Laws 1961, p. 161, § 8-406. Amended by Laws 1984, c. 76, § 44, eff. Nov. 1, 1984; Laws 1995, c. 242, § 40, eff. Feb. 1, 1996.