A person acting as authenticating trustee, transfer agent, registrar, or other agent for an issuer in the registration of a transfer of its securities, in the issue of new security certificates or uncertificated securities, or in the cancellation of surrendered security certificates has the same obligation to the holder or owner of a certificated or uncertificated security with regard to the particular functions performed as the issuer has in regard to those functions.
Effective: January 1, 1997

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Terms Used In Kentucky Statutes 355.8-407

  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Owner: when applied to any animal, means any person having a property interest in such animal. See Kentucky Statutes 446.010
  • Trustee: A person or institution holding and administering property in trust.

History: Repealed and reenacted 1996 Ky. Acts ch. 130, sec. 153, effective January 1,
1997. — Created 1986 Ky. Acts ch. 118, sec. 52, effective July 1, 1987.