Indiana § 26-1-8.1-307 Duties of transferor of security

Indiana Statutes

§ 26-1-8.1-307 — Duties of transferor of security

Indiana § 26-1-8.1-307

Title 26COMMERCIAL LAW

Art. 1UNIFORM COMMERCIAL CODE

Ch. 8.1Investment Securities

This text of Indiana § 26-1-8.1-307 (Duties of transferor of security) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 26-1-8.1-307 (2026).

Text

Unless otherwise agreed, the transferor
of a security on due demand shall supply the purchaser with proof of
authority to transfer or with any other requisite necessary to obtain
registration of the transfer of the security, but if the transfer is not for
value, a transferor need not comply unless the purchaser pays the
necessary expenses. If the transferor fails within a reasonable time to
comply with the demand, the purchaser may reject or rescind the
transfer.

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Unless otherwise agreed, the transferor
of a security on due demand shall supply the purchaser with proof of
authority to transfer or with any other requisite necessary to obtain
registration of the transfer of the security, but if the transfer is not for
value, a transferor need not comply unless the purchaser pays the
necessary expenses. If the transferor fails within a reasonable time to
comply with the demand, the purchaser may reject or rescind the
transfer.