Vermont § 401 - § 8—401.
Full text of Vermont Vermont Statutes Online § 401 — § 8—401., with citation guidance and answers to common questions.
§ 401. § 8—401.
- Duty of issuer to register transfer (a) 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: (1) under the terms of the security the person seeking registration of transfer is eligible
to have the security registered in its name; (2) 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; (3) reasonable assurance is given that the indorsement or instruction is genuine and authorized
(section 8—402 of this title); (4) any applicable law relating to the collection of taxes has been complied with; (5) the transfer does not violate any restriction on transfer imposed by the issuer in
accordance with section 8—204 of this title; (6) a demand that the issuer not register transfer has not become effective under section 8—403 of this title, or the issuer has complied with subsection 8—403(b) of this title but no legal process or indemnity bond is obtained as provided in subsection 8—403(d) of this title; and (7) the transfer is in fact rightful or is to a protected purchaser. (b) 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. (Added 1995, No. 92 (Adj. Sess.), § 1, eff. Jan. 1, 1997.)
Frequently Asked Questions About Vermont § 401
What does Vermont Statutes Online § 401 cover?
Section 401 ("§ 8—401.") is part of the Vermont Statutes Online, the codified statutory law of Vermont. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Vermont § 401?
A common citation format is "Vermont Statutes Online § 401" (Vermont). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Vermont law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Vermont official source linked on this page or consult a licensed Vermont attorney.
How does Vermont § 401 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Vermont can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Vermont.