Section 400.8-201 - Issuer(a) With respect to an obligation on or a defense to a security, an "issuer" includes a person that:(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; or(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.L. 1963 p. 503 § 8-201, A.L. 1992 S.B. 448, A.L. 1997 S.B. 6