1. With respect to an obligation on or a defense to a security, an “issuer” includes a person that: a. places or authorizes the placing of its name on a security certificate, other than as authenticating trustee, registrar, transfer agent, or the like, to evidence a share, participation, or other interest in its property or in an enterprise, or to evidence its duty to perform an obligation represented by the certificate; b. creates a share, participation, or other interest in its property or in an enterprise, or undertakes an obligation, that isan uncertificated security; c. directly or indirectly creates a fractional interest in itsrights or property, ifthefractional interest is represented by a security certificate; or d. becomes responsible for, or in place of, another person described as an issuer in this section. 2. With respect to an obligation on or defense to a security, a guarantor is an issuer to the extent of its guaranty, whether or not its obligation isnoted on a security certificate. 3. With respect to a registration of a transfer, issuer means a person on whose behalf transfer books are maintained. [S13, §3060-a29, -a60, -a61, -a62; C24, 27, 31, 35, 39, §9489, 9520 – 9522; C46, 50, 54, 58, 62, §541.29, 541.60 – 541.62; C66, 71, 73, 75, 77, 79, 81, §554.8201]
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