Wisconsin § 408.401 Duty of issuer to register transfer.

Wisconsin Statutes

§ 408.401 — Duty of issuer to register transfer.

Wisconsin § 408.401

Ch. 408Uniform commercial code — investment securities

Subch.subch. IV of ch. 408 SUBCHAPTER IV

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This text of Wisconsin § 408.401 (Duty of issuer to register transfer.) is published on Counsel Stack Legal Research, covering Wisconsin primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Wis. Stat. § 408.401 (2026).

Text

401
401(1) (1) If a certificated security in registered form is presented to an issuer with a request to register transfer or an instruction is presented to an issuer with a request to register transfer of an uncertificated security, the issuer shall register the transfer as requested if:
401(1)(a) (a) Under the terms of the security the person seeking registration of transfer is eligible to have the security registered in its name;
401(1)(b) (b) The endorsement or instruction is made by the appropriate person or by an agent who has actual authority to act on behalf of the appropriate person;
401(1)(c) (c) Reasonable assurance is given that the endorsement or instruction is genuine and authorized under s. 408.402 ;
401(1)(d) (d) Any applicable law relating to the co

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408.401
408.401(1) (1) If a certificated security in registered form is presented to an issuer with a request to register transfer or an instruction is presented to an issuer with a request to register transfer of an uncertificated security, the issuer shall register the transfer as requested if:
408.401(1)(a) (a) Under the terms of the security the person seeking registration of transfer is eligible to have the security registered in its name;
408.401(1)(b) (b) The endorsement or instruction is made by the appropriate person or by an agent who has actual authority to act on behalf of the appropriate person;
408.401(1)(c) (c) Reasonable assurance is given that the endorsement or instruction is genuine and authorized under s. 408.402 ;
408.401(1)(d) (d) Any applicable law relating to the collection of taxes has been complied with;
408.401(1)(e) (e) The transfer does not violate any restriction on transfer imposed by the issuer in accordance with s. 408.204 ;
408.401(1)(f) (f) A demand that the issuer not register transfer has not become effective under s. 408.403 , or the issuer has complied with s. 408.403 (2) but no legal process or indemnity bond is obtained as provided in s. 408.403 (4) ; and
408.401(1)(g) (g) The transfer is in fact rightful or is to a protected purchaser.
408.401(2) (2) If an issuer is under a duty to register a transfer of a security, the issuer is liable to a person presenting a certificated security or an instruction for registration or to the person’s principal for loss resulting from unreasonable delay in registration or failure or refusal to register the transfer.