Skip to Navigation | Skip to Main Content | Skip to Site Map

MyFloridaHouse.gov | Mobile Site

Senate Tracker: Sign Up | Login

The Florida Senate

2010 Florida Statutes

Title XXXIX COMMERCIAL RELATIONS
Chapter 678 UNIFORM COMMERCIAL CODE: INVESTMENT SECURITIES Entire Chapter
SECTION 2011
Issuer.
F.S. 678.2011
678.2011

Issuer.

—
(1)

With respect to an obligation on or a defense to a security, an “issuer” includes a person that:

(a)

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;

(b)

Creates a share, participation, or other interest in its property or in an enterprise, or undertakes an obligation, that is an uncertificated security;

(c)

Directly or indirectly creates a fractional interest in its rights or property, if the fractional interest is represented by a security certificate; or

(d)

Becomes responsible for, or in place of, another person described as an issuer in this section.

(2)

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.

(3)

With respect to a registration of a transfer, issuer means a person on whose behalf transfer books are maintained.

History.
—

s. 2, ch. 98-11.