Sec. 42a-8-407. Authenticating trustee, transfer agent and registrar.
Sec. 42a-8-407. Authenticating trustee, transfer agent and registrar. A person
acting as authenticating trustee, a transfer agent, registrar or other agent for an issuer
in the registration of 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.
(P.A. 79-435, S. 43; P.A. 97-182, S. 40.)
History: P.A. 97-182 entirely replaced former provisions re exchangeability of securities with provisions re obligation
of authenticating trustee, transfer agent, registrar or other agent, a restatement in part of Sec. 42a-8-406, revised to 1997.