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Current as of January 01, 2020 | Updated by FindLaw Staff
(A) With respect to obligations on or defenses to a security, “issuer” includes a person who:
(1) Places or authorizes the placing of its name on a security certificate, otherwise 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 shares, participations, or other interests in its property or in an enterprise, or undertakes obligations, that are uncertificated securities;
(3) Directly or indirectly creates fractional interests in its rights or property, if the fractional interests are represented by security certificates; or
(4) Becomes responsible for, or in place of, any other person described as an issuer in this section.
(B) With respect to obligations on or defenses 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 registration of transfer, “issuer” means a person on whose behalf transfer books are maintained.
Cite this article: FindLaw.com - Ohio Revised Code Title XIII. Commercial Transactions § 1308.08 - last updated January 01, 2020 | https://codes.findlaw.com/oh/title-xiii-commercial-transactions/oh-rev-code-sect-1308-08.html
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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