Illinois § 8-207

Illinois Statutes

§ 8-207

Illinois·Topic BUSINESS AND EMPLOYMENT·Ch. 810 COMMERCIAL CODE·Act 810 ILCS 5/ Uniform Commercial Code.·Art. Article 8 - Investment Securities

Rights and duties of issuer with respect to registered owners.

(a)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.

(b)This Article does not affect the liability of the registered owner of a security for a call, assessment, or the like.

Free access — add to your briefcase to read the full text and ask questions with AI

Rights and duties of issuer with respect to registered owners. (a) 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. (b) This Article does not affect the liability of the registered owner of a security for a call, assessment, or the like.

Illinois § 8-207 — published by Counsel Stack Legal Research, free access to 12M+ legal documents.