47-8207. Rights and duties of issuer with
respect to registered owners


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 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.


B. This chapter does not affect the liability of the registered owner of a security
for a call, assessment or the like.