(a) If a certificated security in registered form is presented to the issuer with a request to register transfer or an instruction is presented to the issuer with a request to register transfer of an uncertificated security, the issuer shall register the transfer as requested if
Terms Used In Alaska Statutes 45.08.401
person: includes a corporation, company, partnership, firm, association, organization, business trust, or society, as well as a natural person. See Alaska Statutes 01.10.060
(1) under the terms of the security the person seeking registration of transfer is eligible to have the security registered in the person’s name;(2) the endorsement or instruction is made by the appropriate person or by an agent who has actual authority to act on behalf of the appropriate person;(3) reasonable assurance is given under Alaska Stat. § 45.08.402 that the endorsement or instruction is genuine and authorized;(4) applicable law relating to the collection of taxes has been complied with;(5) the transfer does not violate a restriction on transfer imposed by the issuer under Alaska Stat. § 45.08.204;(6) a demand that the issuer not register transfer has not become effective under Alaska Stat. § 45.08.403, or the issuer has complied with Alaska Stat. § 45.08.403(b) but legal process or indemnity bond is not obtained under Alaska Stat. § 45.08.403(d); and(7) the transfer is in fact rightful or is to a protected purchaser.(b) If an issuer is under a duty to register a transfer of a security, the issuer is liable to a person presenting a certificated security or an instruction for registration or to the person’s principal for loss resulting from an unreasonable delay in registration or failure or refusal to register the transfer.
