California Commercial Code 8207 – (a) Before due presentment for registration of transfer of a …
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(a) Before due presentment for registration of transfer of a certificated security in registered form or of an instruction requesting registration of transfer of an uncertificated security, the issuer or indenture trustee may treat the registered owner as the person exclusively entitled to vote, receive notifications, and otherwise exercise all the rights and powers of an owner.
(b) This division does not affect the liability of the registered owner of a security for a call, assessment, or the like.
Terms Used In California Commercial Code 8207
- Person: means an individual, corporation, business trust, estate, trust, partnership, limited liability company, association, joint venture, government, governmental subdivision, agency, or instrumentality, or any other legal or commercial entity. See California Commercial Code 1201
- Trustee: A person or institution holding and administering property in trust.
(Repealed and added by Stats. 1996, Ch. 497, Sec. 9. Effective January 1, 1997.)