8205. Effect of unauthorized signature on security certificate.
8206. Completion or alteration of security certificate.
8207. Rights and duties of issuer with respect to registered owners.
8208. Effect of signature of authenticating trustee, registrar or transfer agent.
8209. Issuer's lien.
8210. Overissue.
Enactment. Chapter 82 was added May 22, 1996, P.L.248, No.44, effective in 180 days.
Prior Provisions. Former Chapter 82, which related to the same subject matter, was added November 1, 1979, P.L.255, No.86, and repealed May 22, 1996, P.L.248, No.44, effective in 180 days.
ยง 8201. Issuer.
(a) General rule.--With respect to an obligation on or a defense to a security, an "issuer" includes a person that:
(1) places or authorizes the placing of its name on a security certificate, other than as authenticating trustee, registrar, transfer agent or the like, to evidence a share, participation or other interest in its property or in an enterprise, or to evidence its duty to perform an obligation represented by the certificate;
(2) creates a share, participation or other interest in its property or in an enterprise or undertakes an obligation, that is an uncertificated security;
(3) directly or indirectly creates a fractional interest in its rights or property, if the fractional interest is represented by a security certificate; or
(4) becomes responsible for or in place of another person described as an issuer in this section.
(b) Guarantor.--With respect to an obligation on or defense to a security, a guarantor is an issuer to the extent of its guaranty, whether or not its obligation is noted on a security certificate.
(c) Person for whom transfer books maintained.--With respect to a registration of a transfer, issuer means a person on whose behalf transfer books are maintained.
Cross References. Section 8201 is referred to in sections 8102, 9102 of this title.
Structure Pennsylvania Consolidated & Unconsolidated Statutes
Pennsylvania Consolidated & Unconsolidated Statutes
Section 8202 - Issuer's responsibility and defenses; notice of defect or defense
Section 8203 - Staleness as notice of defect or defense
Section 8204 - Effect of issuer's restriction on transfer
Section 8205 - Effect of unauthorized signature on security certificate
Section 8206 - Completion or alteration of security certificate
Section 8207 - Rights and duties of issuer with respect to registered owners
Section 8208 - Effect of signature of authenticating trustee, registrar or transfer agent