N.Y. U.C.C. 8-407

Section 8--407. Authenticating Trustee, Transfer Agent, and Registrar.\n A person acting as authenticating trustee, transfer agent, registrar,\nor other agent for an issuer in the registration of a transfer of its\nsecurities, in the issue of new security certificates or uncertificated\nsecurities, or in the cancellation of surrendered security certificates\nhas the same obligation to the holder or owner of a certificated or\nuncertificated security with regard to the particular functions\nperformed as the issuer has in regard to those functions.\n