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§12A-8-201. "Issuer".

12A OK Stat § 12A-8-201 (2019) (N/A)
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"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.

Added by Laws 1961, p. 153, § 8-201. Amended by Laws 1984, c. 76, § 10, eff. Nov. 1, 1984; Laws 1995, c. 242, § 17, eff. Feb. 1, 1996.

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§12A-8-202. Issuer's Responsibility and Defenses; Notice of Defect or Defense.