Pennsylvania § 8201 Issuer

Pennsylvania Statutes

§ 8201 — Issuer

Pennsylvania § 8201

Title 13COMMERCIAL CODE

Ch. 82ISSUE AND ISSUER

This text of Pennsylvania § 8201 (Issuer) is published on Counsel Stack Legal Research, covering Pennsylvania primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

13 Pa. Cons. Stat. § 8201 (2026).

Text

(a)General rule.--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 in place of ano

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

(a) General rule.--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 in place of another person described as an issuer in this section.

(b) Guarantor.--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) Person for whom transfer books maintained.--With respect to a registration of a transfer, issuer means a person on whose behalf transfer books are maintained.