U.C.C. - ARTICLE 8 - INVESTMENT SECURITIES
..PART 2. ISSUE - ISSUER.
§ 8-201. "Issuer".
(1) With respect to obligations on or defenses to a security, "issuer" includes a person who:
- (a) places or authorizes the placing of his name on a certificated security (otherwise than as authenticating trustee, registrar, transfer agent, or the like) to evidence that it represents a share, participation, or other interest in his property or in an enterprise, or to evidence his duty to perform an obligation represented by the certificated security;
- (b) creates shares, participations, or other interests in his property or in an enterprise or undertakes obligations, which shares, participations, interests, or obligations are uncertificated securities;
- (c) directly or indirectly creates fractional interests in his rights or property, which fractional interests are represented by certificated securities; or
- (d) becomes responsible for or in place of any other person described as an issuer in this section.
(2) With respect to obligations on or defenses to a security, a guarantor is an issuer to the extent of his guaranty, whether or not his obligation is noted on a certificated security or on statements of uncertificated securities sent pursuant to Section 8-408.
(3) With respect to registration of transfer, pledge, or release (Part 4 of this Article), "issuer" means a person on whose behalf transfer books are maintained.
As amended in 1977.
See Appendix I for material relating to changes made in text in 1977.
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