62A.8-207 - Rights and duties of issuer with respect to registered owners. - Washington Statutes

Rights and duties of issuer with respect to registered owners.

(1) Before due presentment for registration of transfer of a certificated security in registered form or of an instruction requesting registration of transfer of an uncertificated security, the issuer or indenture trustee may treat the registered owner as the person exclusively entitled to vote, receive notifications, and otherwise exercise all the rights and powers of an owner.

     (2) This Article does not affect the liability of the registered owner of a security for a call, assessment, or the like.

[1995 c 48 § 23; 1986 c 35 § 14; 1965 ex.s. c 157 § 8-207. Cf. former RCW 23.80.020 and 23.80.030; 1939 c 100 §§ 2 and 3; RRS §§ 3803-102 and 3803-103; formerly RCW 23.20.030 and 23.20.040.]

Notes: Effective date -- 1995 c 48: See RCW 62A.11-113.