1997 Florida Code
TITLE XXXIX COMMERCIAL RELATIONS
Chapter 678 Uniform Commercial Code: Investment Securities  
PART II ISSUE--ISSUER (ss. 678.201-678.208)
678.201   "Issuer."

678.201  "Issuer."--

(1)  With respect to obligations on or defenses to a security, "issuer" includes a person who:

(a)  Places or authorizes the placing of her or his name on a certificated security (otherwise than as authenticating trustee, registrar, transfer agent, or the like) to evidence that it represents a share, participation, or other interest in the person's property or in an enterprise, or to evidence her or his duty to perform an obligation represented by the certificated security;

(b)  Creates shares, participations, or other interests in her or his property or in an enterprise or undertakes obligations, which shares, participations, interests, or obligations are uncertificated securities;

(c)  Directly or indirectly creates fractional interests in her or his rights or property, which fractional interests are represented by certificated securities; or

(d)  Becomes responsible for or in place of any other person described as an issuer in this section.

(2)  With respect to obligations on or defenses to a security, a guarantor is an issuer to the extent of her or his guaranty, whether or not her or his obligation is noted on a certificated security or on statements of uncertificated securities sent pursuant to s. 678.408.

(3)  With respect to registration of transfer, pledge, or release (part IV of this chapter), "issuer" means a person on whose behalf transfer books are maintained.

History.--s. 1, ch. 65-254; s. 1, ch. 87-275; s. 651, ch. 97-102.

Note.--s. 8-201, U.C.C.; supersedes ss. 674.32, 674.62-674.64.