KRS 355.8-407: Authenticating trustee, transfer agent, and registrar.

A person acting as authenticating trustee, transfer agent, registrar, or other agent for an

issuer in the registration of a transfer of its securities, in the issue of new security

certificates or uncertificated securities, or in the cancellation of surren dered security

certificates has the same obligation to the holder or owner of a certificated or

uncertificated security with regard to the particular functions performed as the issuer has

in regard to those functions.