§ 25-8-407. Authenticating trustee, transfer agent, and registrar. - North Carolina Statutes

§25‑8‑407.  Authenticating trustee, transfer agent, and registrar.

A person acting asauthenticating trustee, transfer agent, registrar, or other agent for an issuerin the registration of a transfer of its securities, in the issue of newsecurity certificates or uncertificated securities, or in the cancellation ofsurrendered security certificates has the same obligation to the holder orowner of a certificated or uncertificated security with regard to theparticular functions performed as the issuer has in regard to those functions. (1989,c. 588, s. 1; 1997‑181, s. 1.)