California Commercial Code CHAPTER 2 - Issue and Issuer

  • Section 8201.
    (a) With respect to an obligation on or a defense to a security, an “issuer” includes a person that does any of the following:(1) Places or authorizes...
  • Section 8202.
    (a) Even against a purchaser for value and without notice, the terms of a certificated security include terms stated on the certificate and terms made part...
  • Section 8203.
    After an act or event, other than a call that has been revoked, creating a right to immediate performance of the principal obligation represented by...
  • Section 8204.
    A restriction on transfer of a security imposed by the issuer, even if otherwise lawful, is ineffective against a person without knowledge of the restriction...
  • Section 8205.
    An unauthorized signature placed on a security certificate before or in the course of issue is ineffective, but the signature is effective in favor of...
  • Section 8206.
    (a) If a security certificate contains the signatures necessary to its issue or transfer but is incomplete in any other respect, the following apply:(1) Any person may...
  • Section 8207.
    (a) Before due presentment for registration of transfer of a certificated security in registered form or of an instruction requesting registration of transfer of an uncertificated...
  • Section 8208.
    (a) A person signing a security certificate as authenticating trustee, registrar, transfer agent, or the like, warrants all of the following to a purchaser for value...
  • Section 8209.
    A lien in favor of an issuer upon a certificated security is valid against a purchaser only if the right of the issuer to the...
  • Section 8210.
    (a) In this section, “overissue” means the issue of securities in excess of the amount the issuer has corporate power to issue, but an overissue does...

Last modified: October 22, 2018