30-8-217. 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.
(2) This chapter does not affect the liability of the registered owner of a security for a call, assessment, or the like.
History: En. Sec. 43, Ch. 536, L. 1997.
Structure Montana Code Annotated
Chapter 8. Uniform Commercial Code Investment Securities
30-8-209. and 30-8-210 reserved
30-8-212. Issuer's responsibility and defenses -- notice of defect or defense
30-8-213. Staleness as notice of defect or defense
30-8-214. Effect of issuer's restriction on transfer
30-8-215. Effect of unauthorized signature on security certificate
30-8-216. Completion of alteration of security certificate
30-8-217. Rights and duties of issuer with respect to registered owners
30-8-218. Effect of signature of authenticating trustee, registrar, or transfer agent