2006 New York Code - Purchaser\'s Right To Requisites For Registration Of Transfer

 
  Section 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 purchaser with proof of authority to transfer or with
  any other requisite necessary to obtain registration of the transfer  of
  the  security,  but  if the transfer is not for value, a transferor need
  not comply unless the purchaser pays  the  necessary  expenses.  If  the
  transferor fails within a reasonable time to comply with the demand, the
  purchaser may reject or rescind the transfer.