§ 6A-8-307. Purchaser’s right to requisites for registration of transfer.
Unless otherwise agreed, the transferor of a security on due demand shall supply the purchaser with proof of authority to transfer or with any other requisite necessary to obtain registration of the transfer of the security, but if the transfer is not for value, a transferor need not comply unless the purchaser pays the necessary expenses. If the transferor fails within a reasonable time to comply with the demand, the purchaser may reject or rescind the transfer.
History of Section.P.L. 2000, ch. 182, § 5; P.L. 2000, ch. 420, § 5.
Structure Rhode Island General Laws
Title 6A - Uniform Commercial Code
Chapter 6A-8 - Investment Securities
Part 3 - Transfer of Certificated and Uncertificated Securities
Section 6A-8-302. - Rights of purchaser.
Section 6A-8-303. - Protected purchaser.
Section 6A-8-304. - Indorsement.
Section 6A-8-305. - Instruction.
Section 6A-8-306. - Effect of guaranteeing signature, indorsement, or instruction.
Section 6A-8-307. - Purchaser’s right to requisites for registration of transfer.