Utah Code 70A-8-201. Issuer

(1)

With respect to an obligation on or a defense to a security, an “issuer” includes a person that:

Terms Used In Utah Code 70A-8-201

Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
Guarantor: A party who agrees to be responsible for the payment of another party's debts should that party default. ^{Source: OCC}
Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
Person: means :Utah Code 68-3-12.5
Property: includes both real and personal property. See Utah Code 68-3-12.5
Security: except as otherwise provided in Section 70A-8-102, means an obligation of an issuer or a share, participation, or other interest in an issuer or in property or an enterprise of an issuer that:

(i)	is represented by a security certificate in bearer or registered form, or the transfer of which may be registered upon books maintained for that purpose by or on behalf of the issuer;

(ii)	is one of a class or series or by its terms is divisible into a class or series of shares, participations, interests, or obligations; and

(iii)

(A)	is, or is of a type, dealt in or traded on securities exchanges or securities markets; or

(B)

is a medium for investment and by its terms expressly provides that it is a security governed by this chapter. See Utah Code 70A-8-101

Security certificate: means a certificate representing a security. See Utah Code 70A-8-101

Trustee: A person or institution holding and administering property in trust.

Uncertificated security: means a security that is not represented by a certificate. See Utah Code 70A-8-101

(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 is an uncertificated security;

(c)	directly or indirectly creates a fractional interest in its rights or property, if the fractional 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 is noted on a security certificate.

(3)	With respect to a registration of a transfer, issuer means a person on whose behalf transfer books are maintained.

Repealed and Re-enacted by Chapter 204, 1996 General Session

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