400.8-201. Issuer. - Missouri Statutes

Issuer.

400.8-201. (a) With respect to an obligation on or a defense to asecurity, an "issuer" includes a person that:

(1) Places or authorizes the placing of its name on a securitycertificate, other than as authenticating trustee, registrar, transferagent or the like, to evidence a share, participation or other interest inits property or in an enterprise, or to evidence its duty to perform anobligation represented by the certificate;

(2) Creates a share, participation or other interest in its propertyor in an enterprise, or undertakes an obligation, that is an uncertificatedsecurity;

(3) Directly or indirectly creates a fractional interest in itsrights or property, if the fractional interest is represented by a securitycertificate; or

(4) Becomes responsible for, or in place of, another person describedas an issuer in this section.

(b) With respect to an obligation on or defense to a security, aguarantor is an issuer to the extent of its guaranty, whether or not itsobligation is noted on a security certificate.

(c) With respect to a registration of a transfer, issuer means aperson on whose behalf transfer books are maintained.

(L. 1963 p. 503 § 8-201, A.L. 1992 S.B. 448, A.L. 1997 S.B. 6)