Okla. Stat. tit. 12A § 8-406

Current through Laws 2024, c. 453.

Section 8-406 - Authenticating Trustee, Transfer Agent, and Registrar

A person acting as authenticating trustee, transfer agent, registrar, or other agent for an issuer in the registration of a transfer of its securities, in the issue of new security certificates or uncertificated securities, or in the cancellation of surrendered: security certificates has the same obligation to the holder or owner of a certificated or uncertificated security with regard to the particular functions performed as the issuer has in regard to those functions.

Okla. Stat. tit. 12A, § 8-406

Added by Laws 1961, p. 161, § 8-406. Amended by Laws 1984, HB 1800, c. 76, § 44, eff. 11/1/1984; Amended by Laws 1995, SB 522, c. 242, § 40, eff. 2/1/1996.

Oklahoma Code Comment

This Section sets forth concisely, in a single paragraph, the same obligations provided for in pre-revision Section 8-406 . Its purpose is to bind issuers' authorized agents and, consequently, the issuers with regard to acts of transfer, cancellation and other functions.

Prior Statutory Provisions:

Pre-revision UCC § 8-406.