Iowa Code 554.8207 – Rights and duties of issuer with respect to registered owners
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Terms Used In Iowa Code 554.8207
- 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
- Trustee: A person or institution holding and administering property in trust.
554.8207 Rights and duties of issuer with respect to registered owners.
1. 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.
2. This Article does not affect the liability of the registered owner of a security for a call, assessment, or the like.
[C50, 54, 58, 62, §493A.3, 493A.21; C66, 71, 73, 75, 77, 79, 81, §554.8207]
89 Acts, ch 113, §14; 96 Acts, ch 1138, §30, 84
1. 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.
2. This Article does not affect the liability of the registered owner of a security for a call, assessment, or the like.
[C50, 54, 58, 62, §493A.3, 493A.21; C66, 71, 73, 75, 77, 79, 81, §554.8207]
89 Acts, ch 113, §14; 96 Acts, ch 1138, §30, 84