(a) With respect to obligations on or defenses to a security, “issuer” includes a person who

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Terms Used In Alaska Statutes 45.08.201

  • 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: includes a corporation, company, partnership, firm, association, organization, business trust, or society, as well as a natural person. See Alaska Statutes 01.10.060
  • property: includes real and personal property. See Alaska Statutes 01.10.060
  • Trustee: A person or institution holding and administering property in trust.
(1) places or authorizes the placing of the person’s 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 the person’s property or in an enterprise, or to evidence the person’s duty to perform an obligation represented by the certificate;
(2) creates shares, participations, or other interests in that person’s property or in an enterprise, or undertakes obligations, if the shares, participations, interests, or obligations are uncertificated securities;
(3) directly or indirectly creates fractional interests in the person’s rights or property, if the fractional interests are represented by security certificates; or
(4) becomes responsible for, or in place of, another person described as an issuer in this section.
(b) With respect to obligations on or defenses to a security, a guarantor is an issuer to the extent of the guarantor’s guarantee, whether or not the guarantor’s obligation is noted on a security certificate.
(c) With respect to registration of a transfer, “issuer” means a person on whose behalf transfer books are maintained.
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