Idaho § 28-8-201 ISSUER

Idaho Statutes

§ 28-8-201 — ISSUER

Idaho·Title 28 COMMERCIAL TRANSACTIONS·Part 2. ISSUE AND ISSUER·Ch. 8 INVESTMENT SECURITIES

(1)With respect to an obligation on or a defense to a security, an "issuer" includes a person that:

(a)Places or authorizes the placing of its name on a security certificate, other than as authenticating 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;

(b)Creates a share, participation or other interest in its property or in an enterprise, or undertakes an obligation, that is an uncertificated security;

(c)Directly or indirectly creates a fractional interest in its rights or property, if the fractional interest is represented by a security certificate; or

(d)Becomes responsible for, or in place of, another person des

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(1) With respect to an obligation on or a defense to a security, an "issuer" includes a person that:
(a) Places or authorizes the placing of its name on a security certificate, other than as authenticating 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;
(b) Creates a share, participation or other interest in its property or in an enterprise, or undertakes an obligation, that is an uncertificated security;
(c) Directly or indirectly creates a fractional interest in its rights or property, if the fractional interest is represented by a security certificate; or
(d) Becomes responsible for, or in place of, another person described as an issuer in this section.
(2) With respect to an obligation on or defense to a security, a guarantor is an issuer to the extent of its guaranty, whether or not its obligation is noted on a security certificate.
(3) With respect to a registration of a transfer, issuer means a person on whose behalf transfer books are maintained.

Idaho § 28-8-201 (ISSUER) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.