Section 355.8-201 - "Issuer."(1) With respect to an obligation on or a defense to a security, an "issuer" includes a person that: (a) 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;(b) Creates a share, participation, or other interest in its property or in an enterprise, or undertakes an obligation, that is an uncertificated security;(c) Directly or indirectly creates a fractional interest in its rights or property, if the fractional interest is represented by a security certificate; or(d) Becomes responsible for, or in place of, another person described as an issuer in this section.(2) 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.(3) With respect to a registration of a transfer, issuer means a person on whose behalf transfer books are maintained.Effective:1/1/1997
Repealed and reenacted 1996, Ky. Acts ch. 130, sec. 130, effective1/1/1997. -- Amended 1986 Ky. Acts ch. 118, sec. 17, effective 7/1/1987. -- Created 1958 Ky. Acts ch. 77, sec. 8-201, effective 7/1/1960.