§ 355-8-201

355.8 -201 '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 ev idence 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 i n 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.

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. Effective: January 1, 1997 History: Repealed and reenacted 1996 Ky. Acts ch. 130, sec. 130, effective January 1, 1997. -- Amended 1986 Ky. Ac ts ch. 118, sec. 17, effective July 1, 1987. -- Created 1958 Ky. Acts ch. 77, sec. 8 -201, effective July 1, 1960.