ORS 78.4010
Duty of issuer to register transfer

(1)

If a certificated security in registered form is presented to an issuer with a request to register transfer or an instruction is presented to an issuer with a request to register transfer of an uncertificated security, the issuer shall register the transfer as requested if:

(a)

Under the terms of the security the person seeking registration of transfer is eligible to have the security registered in its name;

(b)

The indorsement or instruction is made by the appropriate person or by an agent who has actual authority to act on behalf of the appropriate person;

(c)

Reasonable assurance as described in ORS 78.4020 (Assurance that indorsement or instruction is effective) is given that the indorsement or instruction is genuine and authorized;

(d)

Any applicable law relating to the collection of taxes has been complied with;

(e)

The transfer does not violate any restriction on transfer imposed by the issuer in accordance with ORS 78.2040 (Effect of issuer’s restriction on transfer);

(f)

A demand that the issuer not register transfer has not become effective under ORS 78.4030 (Demand that issuer not register transfer), or the issuer has complied with ORS 78.4030 (Demand that issuer not register transfer) (2) but no legal process or indemnity bond has been obtained as provided in ORS 78.4030 (Demand that issuer not register transfer) (4); and

(g)

The transfer is in fact rightful or is to a protected purchaser.

(2)

If an issuer is under a duty to register a transfer of a security, the issuer is liable to a person presenting a certificated security or an instruction for registration or to the person’s principal for loss resulting from unreasonable delay in registration or failure or refusal to register the transfer. [1961 c.726 §78.4010 (Duty of issuer to register transfer); 1985 c.676 §78.4010 (Duty of issuer to register transfer); 1995 c.328 §34]

Source: Section 78.4010 — Duty of issuer to register transfer, https://www.­oregonlegislature.­gov/bills_laws/ors/ors078.­html.

78.1010
Short title 78.1020
Definitions and index of definitions 78.1030
Rules for determining whether certain obligations and interests are securities or financial assets 78.1040
Acquisition of security or financial asset or interest therein 78.1050
Notice of adverse claim 78.1060
Control 78.1070
Whether indorsement, instruction or entitlement order is effective 78.1080
Warranties in direct holding 78.1090
Warranties in indirect holding 78.1100
Applicability 78.1110
Clearing corporation rules 78.1120
Creditor’s legal process 78.1130
Statute of frauds inapplicable 78.1140
Evidentiary rules concerning certificated securities 78.1150
Securities intermediary and others not liable to adverse claimant 78.1160
Securities intermediary as purchaser for value 78.2010
“Issuer.” 78.2020
Terms of security 78.2030
Staleness as notice of defects or defenses 78.2040
Effect of issuer’s restriction on transfer 78.2050
Effect of unauthorized signature on security certificate 78.2060
Completion or alteration of security certificate 78.2070
Rights of issuer with respect to registered owners 78.2080
Effect of signature of authenticating trustee, registrar or transfer agent 78.2090
Issuer’s lien 78.2100
Overissue 78.3010
Delivery 78.3020
Rights of purchaser 78.3030
“Protected purchaser.” 78.3040
Indorsement 78.3050
Instruction 78.3060
Effect of guaranteeing signature, indorsement or instruction 78.3070
Purchaser’s rights to requisites for registration of transfer 78.4010
Duty of issuer to register transfer 78.4020
Assurance that indorsement or instruction is effective 78.4030
Demand that issuer not register transfer 78.4040
Wrongful registration 78.4050
Replacement of lost, destroyed or wrongfully taken security certificate 78.4060
Obligation to notify issuer of lost, destroyed or wrongfully taken security certificate 78.4070
Authenticating trustee, transfer agent and registrar 78.5010
Securities account 78.5020
Assertion of adverse claim against entitlement holder 78.5030
Property interest of entitlement holder in financial asset held by securities intermediary 78.5040
Duty of securities intermediary to maintain financial asset 78.5050
Duty of securities intermediary with respect to payments and distributions 78.5060
Duty of securities intermediary to exercise rights as directed by entitlement holder 78.5070
Duty of securities intermediary to comply with entitlement order 78.5080
Duty of securities intermediary to change entitlement holder’s position to other form of security holding 78.5090
Specification of duties of securities intermediary by other statute or regulation 78.5100
Rights of purchaser of security entitlement from entitlement holder 78.5110
Priority among security interests and entitlement holders
Green check means up to date. Up to date

Current through early 2024

§ 78.4010’s source at oregon​.gov