Unless otherwise agreed, the transferor of a security on due demand shall supply the purchaser with proof of authority to transfer or with any other requisite necessary to obtain registration of the transfer of the security, but if the transfer is not for value, a transferor does not need to comply unless the purchaser pays the necessary expenses. If the transferor fails within a reasonable time to comply with the demand, the purchaser may reject or rescind the transfer.
Section: Previous 45.08.301 45.08.302 45.08.303 45.08.304 45.08.305 45.08.306 45.08.307 45.08.308 NextLast modified: November 15, 2016