LegalFix
Sign In

Section 78.2010 - "Issuer."

OR Rev Stat § 78.2010 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

(a) 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;

(b) Creates a share, participation or other interest in its property or in an enterprise, or undertakes an obligation, that is an uncertificated security;

(c) Directly or indirectly creates a fractional interest in its rights or property, if the fractional interest is represented by a security certificate; or

(d) Becomes responsible for, or stands in place of, another person described as an issuer in this section.

(2) 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.

(3) With respect to a registration of a transfer, "issuer" means a person on whose behalf transfer books are maintained. [1961 c.726 §78.2010; 1985 c.676 §78.2010; 1995 c.328 §17]

Previous Section
Section 78.1160 - Securities intermediary as purchaser for value.
Next Section
Section 78.2020 - Terms of security; issuer’s responsibility and defenses; notice of defect or defense.