(1) With respect to an obligation on or a defense to a security, an “issuer” includes a person that:
(a) Places or authorizes the placing of its 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 its property or in an enterprise, or to evidence its duty to perform an obligation represented by the certificate;
(b) Creates a share, participation, or other interest in its property or in an enterprise, or undertakes an obligation, that is an uncertificated security;
(c) Directly or indirectly creates a fractional interest in its rights or property, if the fractional interest is represented by a security certificate; or
(d) Becomes responsible for, or in place of, another person described as an issuer in this section.
(2) With respect to an obligation on or defense to a security, a guarantor is an issuer to the extent of its guaranty, whether or not its obligation is noted on a security certificate.
(3) With respect to a registration of a transfer, issuer means a person on whose behalf transfer books are maintained.
History.—s. 2, ch. 98-11.
Structure Florida Statutes
Title XXXIX - Commercial Relations
Chapter 678 - Uniform Commercial Code: Investment Securities
Part II - Issue and Issuer (Ss. 678.2011-678.2101)
678.2021 - Issuer’s responsibility and defenses; notice of defect or defense.
678.2031 - Staleness as notice of defect or defense.
678.2041 - Effect of issuer’s restriction on transfer.
678.2051 - Effect of unauthorized signature on security certificate.
678.2061 - Completion or alteration of security certificate.
678.2071 - Rights and duties of issuer with respect to registered owners.
678.2081 - Effect of signature of authenticating trustee, registrar, or transfer agent.