§ 35-13-8 Agents – Depositories.– (a) An issuer may appoint for such term as may be agreed, including for so longas a registered public obligation may be outstanding, corporate or otherauthenticating agents, transfer agents, registrars, or paying or other agentsand specify the terms of their appointment, including their rights,compensation and duties, limits upon their liabilities, and provision for theirpayment of liquidated damages in the event of breach of certain of the dutiesimposed, which liquidated damages may be made payable to the issuer, the owner,or a financial intermediary. None of these agents need have an office or dobusiness within this state.
(b) An issuer may agree with custodian banks and financialintermediaries, and nominees of any of them, in connection with theestablishment and maintenance by others of a central depository system for thetransfer or pledge of registered public obligations. The custodian banks andfinancial intermediaries, and nominees, may, if qualified and acting asfiduciaries, also serve as authenticating agents, transfer agents, registrars,or paying or other agents of the issuer with respect to the same issue ofregistered public obligations.
(c) Nothing shall preclude the issuer from itself performing,either alone or jointly with other issuers, any transfer, registration,authentication, payment, or other function described in this section.
§ 35-13-8 Agents – Depositories.– (a) An issuer may appoint for such term as may be agreed, including for so longas a registered public obligation may be outstanding, corporate or otherauthenticating agents, transfer agents, registrars, or paying or other agentsand specify the terms of their appointment, including their rights,compensation and duties, limits upon their liabilities, and provision for theirpayment of liquidated damages in the event of breach of certain of the dutiesimposed, which liquidated damages may be made payable to the issuer, the owner,or a financial intermediary. None of these agents need have an office or dobusiness within this state.
(b) An issuer may agree with custodian banks and financialintermediaries, and nominees of any of them, in connection with theestablishment and maintenance by others of a central depository system for thetransfer or pledge of registered public obligations. The custodian banks andfinancial intermediaries, and nominees, may, if qualified and acting asfiduciaries, also serve as authenticating agents, transfer agents, registrars,or paying or other agents of the issuer with respect to the same issue ofregistered public obligations.
(c) Nothing shall preclude the issuer from itself performing,either alone or jointly with other issuers, any transfer, registration,authentication, payment, or other function described in this section.
§ 35-13-8 Agents – Depositories.– (a) An issuer may appoint for such term as may be agreed, including for so longas a registered public obligation may be outstanding, corporate or otherauthenticating agents, transfer agents, registrars, or paying or other agentsand specify the terms of their appointment, including their rights,compensation and duties, limits upon their liabilities, and provision for theirpayment of liquidated damages in the event of breach of certain of the dutiesimposed, which liquidated damages may be made payable to the issuer, the owner,or a financial intermediary. None of these agents need have an office or dobusiness within this state.
(b) An issuer may agree with custodian banks and financialintermediaries, and nominees of any of them, in connection with theestablishment and maintenance by others of a central depository system for thetransfer or pledge of registered public obligations. The custodian banks andfinancial intermediaries, and nominees, may, if qualified and acting asfiduciaries, also serve as authenticating agents, transfer agents, registrars,or paying or other agents of the issuer with respect to the same issue ofregistered public obligations.
(c) Nothing shall preclude the issuer from itself performing,either alone or jointly with other issuers, any transfer, registration,authentication, payment, or other function described in this section.
