2011 Wisconsin Laws 408.401 – Duty of issuer to register transfer
408.401(1)(a)
(a) Under the terms of the security the person seeking registration of transfer is eligible to have the security registered in its name;
408.401(1)(b)
(b) The endorsement or instruction is made by the appropriate person or by an agent who has actual authority to act on behalf of the appropriate person;
408.401(1)(d)
(d) Any applicable law relating to the collection of taxes has been complied with;
408.401(1)(g)
(g) The transfer is in fact rightful or is to a protected purchaser.
408.401(1)
(1) If a certificated security in registered form is presented to an issuer with a request to register transfer or an instruction is presented to an issuer with a request to register transfer of an uncertificated security, the issuer shall register the transfer as requested if:
408.401(1)(c)
(c) Reasonable assurance is given that the endorsement or instruction is genuine and authorized under § 408.402;
408.401(1)(e)
(e) The transfer does not violate any restriction on transfer imposed by the issuer in accordance with § 408.204;
408.401(1)(f)
(f) A demand that the issuer not register transfer has not become effective under § 408.403, or the issuer has complied with § 408.403 (2) but no legal process or indemnity bond is obtained as provided in § 408.403 (4); and
408.401(2)
(2) If an issuer is under a duty to register a transfer of a security, the issuer is liable to a person presenting a certificated security or an instruction for registration or to the person’s principal for loss resulting from unreasonable delay in registration or failure or refusal to register the transfer.