California Code, COM 8201.

California Code, COM 8201.

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Commercial Code - COM

DIVISION 8. INVESTMENT SECURITIES [8101 - 8603] Â Â ( Division 8 repealed and added by Stats. 1996, Ch. 497, Sec. 9. ) Â Â

CHAPTER 2. Issue and Issuer [8201 - 8210] Â Â ( Chapter 2 added by Stats. 1996, Ch. 497, Sec. 9. )

  8201.  (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. (Repealed and added by Stats. 1996, Ch. 497, Sec. 9. Effective January 1, 1997.)