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.
S.C. Code Ann. § 36-8-407
Authenticating trustee, transfer agent, and registrar
Known as the Uniform Commercial Code
The act spans §§ 36–36 (519 sections).
1991 Act No. 161, SECTION 1; 2001 Act No. 67, SECTION 5.
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.