28-8-307. PURCHASER’S RIGHT TO REQUISITES FOR REGISTRATION OF TRANSFER. Unless otherwise agreed, the transferor of a security on due demand shall supply the purchaser with proof of authority to transfer or with any other requisite necessary to obtain registration of the transfer of the security, but if the transfer is not for value, a transferor need not comply unless the purchaser pays the necessary expenses. If the transferor fails within a reasonable time to comply with the demand, the purchaser may reject or rescind the transfer.
History:
[28-8-307, added 1995, ch. 272, sec. 2, p. 891.]
Structure Idaho Code
Title 28 - COMMERCIAL TRANSACTIONS
Chapter 8 - INVESTMENT SECURITIES
Part 3 - TRANSFER OF CERTIFICATED AND UNCERTIFICATED SECURITIES
Section 28-8-302 - RIGHTS OF PURCHASER.
Section 28-8-303 - PROTECTED PURCHASER.
Section 28-8-304 - INDORSEMENT.
Section 28-8-305 - INSTRUCTION.
Section 28-8-306 - EFFECT OF GUARANTEEING SIGNATURE, INDORSEMENT OR INSTRUCTION.
Section 28-8-307 - PURCHASER’S RIGHT TO REQUISITES FOR REGISTRATION OF TRANSFER.