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Section 336.8-201 — Issuer.

MN Stat § 336.8-201 (2019) (N/A)
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336.8-201 MS 1994 [Repealed, 1995 c 194 art 1 s 53] 336.8-201 ISSUER.

(a) 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) 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) With respect to a registration of a transfer, issuer means a person on whose behalf transfer books are maintained.

History: 1995 c 194 art 1 s 17

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Section 336.8-116 — Securities Intermediary As Purchaser For Value.
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Section 336.8-202 — Issuer's Responsibility And Defenses; Notice Of Defect Or Defense.