Sec. 42b-8. Costs of maintaining system of registration. Issuer may provide for its liability through agreements with others.
Sec. 42b-8. Costs of maintaining system of registration. Issuer may provide
for its liability through agreements with others. (a) An issuer, prior to or at original
issuance of registered public obligations, may provide as a part of a system of registration
that the transferor or transferee of the registered public obligations pay all or a designated
part of the costs of the system as a condition precedent to transfer, that costs be paid
out of proceeds of the registered public obligations or that both methods be used. The
portion of the costs of the system not provided to be paid for by the transferor or transferee
or out of proceeds shall be the liability of the issuer.
(b) The issuer may as a part of a system of registration provide for reimbursement
or for satisfaction of its liability by payment by others. The issuer may enter into
agreements with others respecting such reimbursement or payment, may establish fees
and charges pursuant to such agreements or otherwise and may provide that the amount
or estimated amount of such fees and charges shall be reimbursed or paid from the same
sources and by means of the same collection and enforcement procedures and with the
same priority and effect as with respect to the obligations.
(P.A. 83-519, S. 8, 23.)