North Dakota Code 41-08-23 – (8-207) Rights and duties of issuer with respect to registered owners
Current as of: 2023 | Check for updates
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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.
Terms Used In North Dakota Code 41-08-23
- Person: means an individual, organization, government, political subdivision, or government agency or instrumentality. See North Dakota Code 1-01-49
- Trustee: A person or institution holding and administering property in trust.
2. This chapter does not affect the liability of the registered owner of a security for a call, assessment, or the like.