O.C.G.A.
O.C.G.A.

O.C.G.A. § 11-8-307 (2019)

Purchaser’s right to requisites for registration of transfer

✓ O.C.G.A. — 2019 edition (Public.Resource.Org Release 73)
Code text and O.C.G.A. statutory annotations on this page reflect the 2019 Official Code of Georgia Annotated (Public.Resource.Org Release 73, 2019-08-21; public domain per Georgia v. Public.Resource.Org, 2020). The Syfert case-law annotations in Notes of Decisions, below, are current.
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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.

History

Code 1981, § 11-8-307, enacted by Ga. L. 1998, p. 1323, § 1.

Annotations

RESEARCH REFERENCES U.L.A. Uniform Commercial Code (U.L.A.) § 8307.

ALR. Right or duty of corporation to refuse to transfer stock on books to one presenting

properly endorsed certificate, because of knowledge or suspicion of conflicting

rights of registered holder or of third person, 139 A.L.R. 273; 75 A.L.R.2d 746.

PART 4 REGISTRATION

Notes of Decisions
Cited in 1 case, 1998–1998 · leading case: Taylor v. Riverside-Franklin Props., Inc. (In Re Taylor), 228 B.R. 491 (Bankr. M.D. Ga. 1998).
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Taylor v. Riverside-Franklin Props., Inc. (In Re Taylor), 228 B.R. 491 (Bankr. M.D. Ga. 1998). “§ 11-8-307. An indorsement of a certificated security, whether special or in blank, does not constitute a transfer until delivery of the certificated security on which it appears.”
Annotations are extracted automatically from the opinions in the Syfert caselaw corpus and ranked by authority, recency, and treatment. Dots show Syfertize treatment of the citing case itself.