Iowa Code 554.8201 – Issuer
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Iowa Code 554.8201
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
- Guarantor: A party who agrees to be responsible for the payment of another party's debts should that party default. Source: OCC
- 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.
- person: means individual, corporation, limited liability company, government or governmental subdivision or agency, business trust, estate, trust, partnership or association, or any other legal entity. See Iowa Code 4.1
- property: includes personal and real property. See Iowa Code 4.1
- Trustee: A person or institution holding and administering property in trust.
554.8201 Issuer.
1. With respect to an obligation on or a defense to a security, an “”issuer”” includes a person
that:
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 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.
[S13, §3060-a29, -a60, -a61, -a62; C24, 27, 31, 35, 39, §9489, 9520 – 9522; C46, 50, 54, 58,
62, §541.29, 541.60 – 541.62; C66, 71, 73, 75, 77, 79, 81, §554.8201]
89 Acts, ch 113, §8; 96 Acts, ch 1138, §24, 84
Referred to in §515.35, 518.14, 518A.12, 554.8102, 554.9102
1. With respect to an obligation on or a defense to a security, an “”issuer”” includes a person
that:
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 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.
[S13, §3060-a29, -a60, -a61, -a62; C24, 27, 31, 35, 39, §9489, 9520 – 9522; C46, 50, 54, 58,
62, §541.29, 541.60 – 541.62; C66, 71, 73, 75, 77, 79, 81, §554.8201]
89 Acts, ch 113, §8; 96 Acts, ch 1138, §24, 84
Referred to in §515.35, 518.14, 518A.12, 554.8102, 554.9102