§8-1207. Rights and duties of issuer with respect to registered owners
(1). Before due presentment for registration of transfer of a certificated security in registered form or of an instruction requesting registration of transfer of an uncertificated security, the issuer or indenture trustee may treat the registered owner as the person exclusively entitled to vote, receive notifications and otherwise exercise all the rights and powers of an owner.
[PL 1997, c. 429, Pt. B, §2 (NEW).]
(2). This Article does not affect the liability of the registered owner of a security for a call, assessment or the like.
[PL 1997, c. 429, Pt. B, §2 (NEW).]
SECTION HISTORY
PL 1997, c. 429, §B2 (NEW).
Structure Maine Revised Statutes
TITLE 11: UNIFORM COMMERCIAL CODE
Article 8-A: INVESTMENT SECURITIES
11 §8-1202. Issuer's responsibility and defenses; notice of defect or defense
11 §8-1203. Staleness as notice of defect or defense
11 §8-1204. Effect of issuer's restriction on transfer
11 §8-1205. Effect of unauthorized signature on security certificate
11 §8-1206. Completion or alteration of security certificate
11 §8-1207. Rights and duties of issuer with respect to registered owners
11 §8-1208. Effect of signature of authenticating trustee, registrar or transfer agent