§ 35-13-9. Costs — Collection.
(a) An issuer, prior to or at original issuance of registered public obligations, may
provide as a part of a system of registration that the transferor or transferee of
the registered public obligations pay all or a designated part of the costs of the
system as a condition precedent to transfer, that costs be paid out of proceeds of
the registered public obligations, or that both methods be used. The portion of the
costs of the system not provided to be paid for by the transferor or transferee or
out of proceeds shall be the liability of the issuer.
(b) The issuer
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§ 35-13-9. Costs — Collection.
(a) An issuer, prior to or at original issuance of registered public obligations, may
provide as a part of a system of registration that the transferor or transferee of
the registered public obligations pay all or a designated part of the costs of the
system as a condition precedent to transfer, that costs be paid out of proceeds of
the registered public obligations, or that both methods be used. The portion of the
costs of the system not provided to be paid for by the transferor or transferee or
out of proceeds shall be the liability of the issuer.
(b) The issuer may as a part of a system of registration provide for reimbursement or
for satisfaction of its liability by payment by others. The issuer may enter into
agreements with others respecting reimbursement or payment, may establish fees and
charges pursuant to these agreements or otherwise, and may provide that the amount
or estimated amount of the fees and charges shall be reimbursed or paid from the same
sources and by means of the same collection and enforcement procedures and with the
same priority and effect as with respect to the obligations.