2009 Kentucky Revised Statutes
Article 8 Investment Securities
355.8.307 Purchaser's right to requisites for registration of transfer.

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355.8-307 Purchaser's right to requisites for registration of transfer. Unless otherwise agreed, the transferor of a security on due demand shall supply the <br>purchaser with proof of authority to transfer or with any other requisite necessary to <br>obtain registration of the transfer of the security, but if the transfer is not for value, a <br>transferor need not comply unless the purchaser pays the necessary expenses. If the <br>transferor fails within a reasonable time to comply with the demand, the purchaser may <br>reject or rescind the transfer. Effective: January 1, 1997 <br>History: Repealed and reenacted 1996 Ky. Acts ch. 130, sec. 146, effective January 1, 1997. -- Amended 1986 Ky. Acts ch. 118, sec. 31, effective July 1, 1987. -- Created <br>1958 Ky. Acts ch. 77, sec. 8-307, effective July 1, 1960.

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