(a) Before due presentment for registration of transfer of a certificated security
in registered form or of an instruction requesting registration of transfer of an
uncertificated security, the issuer or indenture trustee may treat the registered
owner as the person exclusively entitled to vote, receive notifications, and otherwise
exercise all the rights and powers of an owner.
(b) This chapter does not affect the liability of the registered owner of a security
for a call, assessment, or the like.
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