Colorado Code
Part 2 - Issue and Issuer
§ 4-8-207. Rights and Duties of Issuer With Respect to Registered Owners



Source: L. 96: Entire article R&RE, p. 219, § 2, effective July 1.
Editor's note: This section is similar to former § 4-8-207 as it existed prior to 1996.





The issuer may under this section make distributions of money or securities to the registered owners of securities without requiring further proof of ownership, provided that such distributions are distributable to the owners of all securities of the same issue and the terms of the security do not require surrender of a security certificate as a condition of payment or exchange. Any such distribution shall constitute a defense against a claim for the same distribution by a person, even if that person is in possession of the security certificate and is a protected purchaser of the security. See PEB Commentary No. 4, dated March 10, 1990.
Definitional Cross References:
"Certificated security". Section 8-102(a)(4)
"Instruction". Section 8-102(a)(12)
"Issuer". Section 8-201
"Registered form". Section 8-102(a)(13)
"Security". Section 8-102(a)(15)
"Uncertificated security". Section 8-102(a)(18)