A person acting as authenticating trustee, transfer agent, registrar or other agent for an issuer in the registration of a transfer of its securities, in the issue of new security certificates or uncertificated securities or in the cancellation of surrendered security certificates has the same obligation to the holder or owner of a certificated or uncertificated security with regard to the particular functions performed as the issuer has in regard to those functions.
NRS 104.8407
Authenticating trustee, transfer agent and registrar
Known as the Uniform Commercial Code
The act spans §§ 104–104 (489 sections).
Applied in 2 court decisions — leading case Guilfoyle v. Olde Monmouth Stock Transfer (2014)
Most recently applied in Shaw v. Empire Stock Transfer Inc. (May 2019)
(Added to NRS by 1965, 889; A 1985, 113; 1997, 406)
Official source: Nevada Legislature. Reproduced from public-domain Nevada statutes; confirm against the official source for the current text. Not legal advice.