Statutes, codes, and regulations
District of Columbia Official Code
Division V - LOCAL BUSINESS AFFAIRSTitle 28 - COMMERCIAL INSTRUMENTS AND TRANSACTIONSSubtitle I - UNIFORM COMMERCIAL CODEArticle 8 - INVESTMENT SECURITIES
Part 3 - TRANSFER OF CERTIFICATED AND UNCERTIFICATED SECURITIES
Section 28:8-307 - Purchaser's right to requisites for registration of transfer

D.C. Code § 28:8-307

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Current through codified legislation effective October 30, 2024
Section 28:8-307 - 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.

D.C. Code § 28:8-307

Dec. 30, 1963, 77 Stat. 740, Pub. L. 88-243, § 1; Mar. 16, 1993, D.C. Law 9-196, § 4, 39 DCR 9165; renumbered and amended, Apr. 9, 1997, D.C. Law 11-240, § 2, 44 DCR 1087.