§ 4-8-407 — 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.

Legislative History

Source: L. 96: Entire article R&RE, p. 227, � 2, effective July 1.