KRS 355.8-201: "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 ev idence 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 i n 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.