N.J.S.A. 12A:8-207 — Rights and Duties of Issuer with Respect to Registered Owners.

12A:8-207. Rights and Duties of Issuer with Respect to Registered Owners. a. Before due presentment for registration of transfer of a certificated security in registered form or of an instruction requesting registration of transfer of an uncertificated security, the issuer or indenture trustee may treat the registered owner as the person exclusively entitled to vote, receive notifications, and otherwise exercise all the rights and powers of an owner. b. This chapter does not affect the liability of the registered owner of a security for a call, assessment, or the like. L.1997,c.252,s.1. 12A:8-208. Effect of Signature of Authenticating Trustee, Registrar, or Transfer Agent. a. A person signing a security certificate as authenticating trustee, registrar, transfer agent, or the like, warrants to a purchaser for value of the certificated security, if the purchaser is without notice of a particular defect, that: (1) the certificate is genuine; (2) the person's own participation in the issue of the security is within the person's capacity and within the scope of the authority received by the person from the issuer; and (3) the person has reasonable grounds to believe that the certificated security is in the form and within the amount the issuer is authorized to issue. b. Unless otherwise agreed, a person signing under subsection a. of this section does not assume responsibility for the validity of the security in other respects. L.1997,c.252,s.1.

This is the verbatim text of N.J.S.A. 12A:8-207, retrieved from the New Jersey Legislature's public statute corpus. Statutes are amended periodically — for the most current version, check the external source link above. Kyzer is not a law firm and this page is not legal advice.