Source: L. 96: Entire article R&RE, p. 223, § 2, effective July 1.
Editor's note: This section is similar to former § 4-8-401 as it existed prior to 1996.
This section does not constitute a mandate that the issuer must establish that all preconditions are met before the issuer registers a transfer. The issuer may waive the reasonable assurances specified in paragraph (a)(3). If it has confidence in the responsibility of the persons requesting transfer, it may ignore questions of compliance with tax laws. Although an issuer has no duty if the transfer is wrongful, the issuer has no duty to inquire into adverse claims, see Section 8-404.
Definitional Cross References:
"Appropriate person". Section 8-107
"Certificated security". Section 8-102(a)(4)
"Genuine". Section 1-201(18)
"Indorsement". Section 8-102(a)(11)
"Instruction". Section 8-102(a)(12)
"Issuer". Section 8-201
"Protected purchaser". Section 8-303
"Registered form". Section 8-102(a)(13)
"Uncertificated security". Section 8-102(a)(18)
Structure Colorado Code
Title 4 - Uniform Commercial Code
Article 8 - Investment Securities
§ 4-8-401. Duty of Issuer to Register Transfer
§ 4-8-402. Assurance That Indorsement or Instruction Is Effective
§ 4-8-403. Demand That Issuer Not Register Transfer
§ 4-8-404. Wrongful Registration
§ 4-8-405. Replacement of Lost, Destroyed, or Wrongfully Taken Security Certificate
§ 4-8-406. Obligation to Notify Issuer of Lost, Destroyed, or Wrongfully Taken Security Certificate
§ 4-8-407. Authenticating Trustee, Transfer Agent, and Registrar