Florida Statute 678.2011 | Lawyer Caselaw & Research

The 2024 Florida Statutes

Title XXXIX
COMMERCIAL RELATIONS

Chapter 678
UNIFORM COMMERCIAL CODE: INVESTMENT SECURITIES

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F.S. 678.2011

678.2011 Issuer.—

(1) With respect to an obligation on or a defense to a security, an “issuer” includes a person that:

(a) Places or authorizes the placing of its name on a security certificate, other than as authenticating trustee, registrar, transfer agent, or the like, to evidence a share, participation, or other interest in its property or in an enterprise, or to evidence its duty to perform an obligation represented by the certificate;

(b) Creates a share, participation, or other interest in its property or in an enterprise, or undertakes an obligation, that is an uncertificated security;

(c) Directly or indirectly creates a fractional interest in its rights or property, if the fractional interest is represented by a security certificate; or

(d) Becomes responsible for, or in place of, another person described as an issuer in this section.

(2) With respect to an obligation on or defense to a security, a guarantor is an issuer to the extent of its guaranty, whether or not its obligation is noted on a security certificate.

(3) With respect to a registration of a transfer, issuer means a person on whose behalf transfer books are maintained.

History.—s. 2, ch. 98-11.

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Amendments to 678.2011

Arrestable Offenses / Crimes under Fla. Stat. 678.2011

Level: Degree
Misdemeanor/Felony: First/Second/Third

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 678.2011.

Annotations, Discussions, Cases:

Cases Citing Statute 678.2011

Total Results: 3

PennyMac Corp. v. Frost

Court: District Court of Appeal of Florida | Date Filed: 2017-03-15

Citation: 214 So. 3d 686, 92 U.C.C. Rep. Serv. 2d (West) 169, 2017 WL 1013192, 2017 Fla. App. LEXIS 3441

Snippet: instrument and its indorsement by the holder.” *689§ 678.2011(2), Fla. Stat. (2015) (emphasis added). By definition

State Board of Administration v. Burns

Court: District Court of Appeal of Florida | Date Filed: 2011-08-23

Citation: 70 So. 3d 678, 2011 Fla. App. LEXIS 13249, 2011 WL 3667884

Snippet: 70 So.3d 678 (2011) STATE BOARD OF ADMINISTRATION, Appellant, v. Guy M. BURNS; Johnson, Pope, Bokor

RJG Environmental, Inc. v. State Farm Florida Insurance Co.

Court: District Court of Appeal of Florida | Date Filed: 2011-05-18

Citation: 62 So. 3d 678, 2011 Fla. App. LEXIS 7205, 2011 WL 1879428

Snippet: 62 So.3d 678 (2011) RJG ENVIRONMENTAL, INC., a Florida corporation, Appellant, v. STATE FARM FLORIDA