(a) With respect to obligations on or defenses to a security, “issuer” includes a person who
(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.
Structure Alaska Statutes
Chapter 08. Investment Securities
Sec. 45.08.202. Issuer's responsibility and defenses; notice of defect or defense.
Sec. 45.08.203. Staleness as notice of defects or defenses.
Sec. 45.08.204. Effect of issuer's restriction on transfer.
Sec. 45.08.205. Effect of unauthorized signature on security certificate.
Sec. 45.08.206. Completion or alteration of certificated security.
Sec. 45.08.207. Rights and duties of issuer with respect to registered owners.
Sec. 45.08.208. Effect of signature of authenticating trustee, registrar, or transfer agent.