30-8-201. "Issuer". (1) With respect to obligations on or defenses to a security, "issuer" includes a person who:
     (a) places or authorizes the placing of his name on a certificated security (otherwise than as authenticating trustee, registrar, transfer agent, or the like) to evidence that it represents a share, participation, or other interest in his property or in an enterprise or to evidence his duty to perform an obligation represented by the certificated security;
     (b) creates shares, participations, or other interests in his property or in an enterprise or undertakes obligations, which shares, participations, interests, or obligations are uncertificated securities;
     (c) directly or indirectly creates fractional interests in his rights or property, which fractional interests are represented by certificated securities; or
     (d) becomes responsible for or in place of any other person described as an issuer in this section.
     (2) With respect to obligations on or defenses to a security, a guarantor is an issuer to the extent of his guaranty, whether or not his obligation is noted on a certificated security or on statements of uncertificated securities sent pursuant to 30-8-408.
     (3) With respect to registration of transfer, pledge, or release (part 4 of this chapter), "issuer" means a person on whose behalf transfer books are maintained.

     History: En. Sec. 8-201, Ch. 264, L. 1963; R.C.M. 1947, 87A-8-201; amd. Sec. 17, Ch. 402, L. 1983.