Colorado Code
Part 3 - Transfer of Certificated and Uncertificated Securities
§ 4-8-304. Indorsement

Source: L. 96: Entire article R&RE, p. 221, § 2, effective July 1.
Editor's note: This section is similar to former §§ 4-8-307, 4-8-308, 4-8-309, and 4-8-310 as they existed prior to 1996.






The transferee's right to compel an indorsement where a security certificate has been delivered with intent to transfer is recognized in the case law. See Coats v. Guaranty Bank & Trust Co., 170 La. 871, 129 So. 513 (1930). A proper indorsement is one of the requisites of transfer which a purchaser of a certificated security has a right to obtain (Section 8-307). A purchaser may not only compel an indorsement under that section but may also recover for any reasonable expense incurred by the transferor's failure to respond to the demand for an indorsement.
Definitional Cross References:
"Bearer form". Section 8-102(a)(2)
"Certificated security". Section 8-102(a)(4)
"Indorsement". Section 8-102(a)(11)
"Purchaser". Sections 1-201(33) & 8-116
"Registered form". Section 8-102(a)(13)
"Security certificate". Section 8-102(a)(16)

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