2006 Minnesota Code
Chapters 324 - 338 Trade Regulations, Consumer Protection
Chapter 336 Uniform Commercial Code
Section 336.8-201 ISSUER.

336.8-201 MS 1994 [Repealed, 1995 c 194 art 1 s 53]
336.8-201 ISSUER.
(a) With respect to an obligation on or a defense to a security, an "issuer" includes a person
that:
(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; or
(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.
History: 1995 c 194 art 1 s 17