47-8307. Purchaser's right to requisites for
registration of transfer


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 need not 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.