Except as otherwise provided in Section 75-8-406, an issuer is liable for wrongful registration of transfer if the issuer has registered a transfer of a security to a person not entitled to it, and the transfer was registered:
An issuer that is liable for wrongful registration of transfer under subsection (a) on demand shall provide the person entitled to the security with a like certificated or uncertificated security, and any payments or distributions that the person did not receive as a result of the wrongful registration. If an overissue would result, the issuer's liability to provide the person with a like security is governed by Section 75-8-210.
Except as otherwise provided in subsection (a) or in a law relating to the collection of taxes, an issuer is not liable to an owner or other person suffering loss as a result of the registration of a transfer of a security if registration was made pursuant to an effective indorsement or instruction.
Structure Mississippi Code
Title 75 - Regulation of Trade, Commerce and Investments
Chapter 8 - Uniform Commercial Code-Revised Article 8. Investment Securities
§ 75-8-401. Duty of issuer to register transfer
§ 75-8-402. Assurance that indorsement or instruction is effective
§ 75-8-403. Demand that issuer not register transfer
§ 75-8-404. Wrongful registration
§ 75-8-405. Replacement of lost, destroyed, or wrongfully taken security certificate
§ 75-8-406. Obligation to notify issuer of lost, destroyed, or wrongfully taken security certificate
§ 75-8-407. Authenticating trustee, transfer agent, and registrar