Statute · California Commercial Code
Cal. Com. Code § 8201 — Issue and Issuer
Cal. Com. Code § 8201
- Type
- Statute
- Source
- California Commercial Code
- Jurisdiction
- California
- Date
- 1997-01-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
(a) With respect to an obligation on or a defense to a security, an “issuer” includes a person that does any of the following:
Citator
Cal. Com. Code § 8201 — Issue and Issuer is in force in the current edition of the Code, and nothing recorded condemns it.
(a) With respect to an obligation on or a defense to a security, an “issuer” includes a person that does any of the following:
(1) Places or authorizes the placing of its name on a security certificate, other than as authenticating trustee, registrar, transfer agent, or the like, to evidence a share, participation, or other interest in its property or in an enterprise, or to evidence its duty to perform an obligation represented by the certificate.
(2) Creates a share, participation, or other interest in its property or in an enterprise, or undertakes an obligation, that is an uncertificated security.
(3) Directly or indirectly creates a fractional interest in its rights or property, if the fractional interest is represented by a security certificate.
(4) Becomes responsible for, or in place of, another person described as an issuer in this section.
(b) With respect to an obligation on or defense to a security, a guarantor is an issuer to the extent of its guaranty, whether or not its obligation is noted on a security certificate.
(c) With respect to a registration of a transfer, issuer means a person on whose behalf transfer books are maintained.