{"data":{"id":"us-de/6-del.-c.-8-401","jurisdiction":"us-de","citation":"6 Del. C. § 8-401","heading":"Duty of issuer to register transfer.","body":"(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:\n(1) under the terms of the security the person seeking registration of transfer is eligible to have the security registered in its name;\n(2) the endorsement or instruction is made by the appropriate person or by an agent who has actual authority to act on behalf of the appropriate person;\n(3) reasonable assurance is given that the endorsement or instruction is genuine and authorized (Section 8-402);\n(4) any applicable law relating to the collection of taxes has been complied with;\n(5) the transfer does not violate any restriction on transfer imposed by the issuer in accordance with Section 8-204;\n(6) a demand that the issuer not register transfer has not become effective under Section 8-403, or the issuer has complied with Section 8-403(b) but no legal process or indemnity bond is obtained as provided in Section 8-403(d); and\n(7) the transfer is in fact rightful or is to a protected purchaser.\n(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.","path":["Title 6. Commerce and Trade","SUBTITLE I","Uniform Commercial Code","ARTICLE 8. Investment Securities","Part 4","Registration"],"source_url":"https://delcode.delaware.gov/title6/c008/sc04/index.html#8-401","current_through":"2026-08-10 (85 Del. Laws, c. 421, 424)","vintage":"","retrieved_at":"2026-09-05T23:02:06Z","sha256":"ea576032f0f532635787d89267ec439d9f83c92807e4bb3d992c126e76be4cd0","source_id":"us-de","stale":true,"prev":"us-de/6-del.-c.-8-307","next":"us-de/6-del.-c.-8-402"},"notice":"GroundRules: Original legal text. Not legal advice."}