California Commercial Code

§ 8201

COM § 8201 Effective Jan 1, 1997Div. 8 · Ch. 2

Statute text

(a)With respect to an obligation on or a defense to a security, an “issuer” includes a person that does any of the following:

(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.

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Legislative history

Repealed and added by Stats. 1996, Ch. 497, Sec. 9. Effective January 1, 1997.