Sec. 8207.
(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.
(2) This article does not affect the liability of the registered owner of a security for a call, assessment, or the like.
History: 1962, Act 174, Eff. Jan. 1, 1964 ;-- Am. 1987, Act 16, Imd. Eff. Apr. 24, 1987 ;-- Am. 1998, Act 278, Imd. Eff. July 27, 1998
Structure Michigan Compiled Laws
Chapter 440 - Uniform Commercial Code
Act 174 of 1962 - Uniform Commercial Code (440.1101 - 440.11102)
Article 8 - Investment Securities (440.8101...440.8601)
174-1962-8-2 - Part 2 Issue—issuer (440.8201...440.8210)
Section 440.8201 - “Issuer” Defined.
Section 440.8203 - Conditions to Charging Purchaser With Notice of Defect.
Section 440.8204 - Restriction on Transfer of Security.
Section 440.8205 - Unauthorized Signature.
Section 440.8206 - Completion or Alteration of Security Certificate.
Section 440.8207 - Rights of Issuer or Indenture Trustee With Respect to Registered Owner.
Section 440.8208 - Warranty of Person Signing Security Certificate.