Sec. 42a-8-307. Purchaser's right to requisites for registration of transfer.
Sec. 42a-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.
(1959, P.A. 133, S. 8-307; P.A. 79-435, S. 22; P.A. 97-182, S. 33.)
History: P.A. 79-435 specified applicability to "certificated" securities; P.A. 97-182 entirely replaced former provisions
re effect of delivery without endorsement and the right of the purchaser to compel endorsement with provisions re the right
of the purchaser to demand that the transferor supply requisites necessary to obtain registration of the transfer, a restatement
of Sec. 42a-8-316, revised to 1997.
See Sec. 42a-8-304(d) for successor provisions to Sec. 42a-8-307, revised to 1997, re effect of delivery without endorsement and the right of the purchaser to compel endorsement.