North Dakota § 41-08-23 (8-207) Rights and duties of issuer with respect to registered owners

North Dakota Statutes

§ 41-08-23 — (8-207) Rights and duties of issuer with respect to registered owners

North Dakota § 41-08-23

Title 41Uniform Commercial Code

Ch. 41-08Investment Securities

This text of North Dakota § 41-08-23 ((8-207) Rights and duties of issuer with respect to registered owners) is published on Counsel Stack Legal Research, covering North Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.D. Cent. Code § 41-08-23 (2026).

Text

1.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.

2.This chapter does not affect the liability of the registered owner of a security for a call, assessment, or the like.

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1. 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.
2. This chapter does not affect the liability of the registered owner of a security for a call,
assessment, or the like.