Rights and duties of issuer with respect to registered owners.
1. Before the presentment for registration of transfer of a certificated security in registered form or of an instruction requesting transfer of an uncertificated security, the issuer or indenture trustee may treat the registered owner as the person exclusively entitled to vote, receive notifications and otherwise exercise all the rights and powers of an owner.
2. This article does not affect the liability of the registered owner of a security for calls, assessments or the like.
Last modified: February 27, 2006