§ 26-1-8.1-201 — "Issuer" defined

Indiana § 26-1-8.1-201

• Jurisdiction: Indiana
• Title 26: COMMERCIAL LAW
• Art. 1: UNIFORM COMMERCIAL CODE
• Ch. 8.1: Investment Securities

Text

(a) With respect to an obligation on or a
defense to a security, an "issuer" includes a person that:
(1) 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;
(2) creates a share, participation, or other interest in its property
or in an enterprise, or undertakes an obligation, that is an
uncertificated security;
(3) directly or indirectly creates a fractional interest in its rights
or property, if the fractional interest is represented by a security
certificate; or
(4) becomes responsible for, or is in place of, another person
described as an issuer in this section.
(b) 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.
(c) With respect to a registration of a transfer, issuer means a person
on whose behalf transfer books are maintained.

Legislative History

As added by P.L.247-1995, SEC.10.