{"data":{"id":"us-gu/13-gca-8404","jurisdiction":"us-gu","citation":"13 GCA § 8404","heading":"Liability and Non-Liability for Registration.","body":"(1) Except as otherwise provided in any law relating to the collection of taxes, the issuer is not liable to the owner or any other person suffering loss as a result of the registration of a transfer of a security if\n(a) There were on or with the security the necessary indorsements (Section 8308); and\n(b) The issuer had no duty to inquire into adverse claims or has discharged any such duty (Section 8403).\n(2) Where an issuer has registered a transfer of a security to a person not entitled to it the issuer on demand must deliver a like security to the true owner unless\n(a) The registration was pursuant to subdivision (1); or\n(b) The owner is precluded from asserting any claim for registering the transfer under subdivision (1) of the following section; or\n(c) Such delivery would result in overissue, in which case the issuer's liability is governed by Section 8104.","path":["Title 13: Uniform Commercial Code","Division 8: Investment Securities","CHAPTER 4: REGISTRATION"],"source_url":"https://col.guamcourts.gov/sites/default/files/13gdv008.pdf","current_through":"P.L. 38-133 (June 4, 2026)","vintage":"","retrieved_at":"2026-09-27T03:28:48Z","sha256":"6e4c63953508dfd10866024208caa38290382154d4800c87dfb99d002317e83c","source_id":"us-gu","stale":false,"prev":"us-gu/13-gca-8403","next":"us-gu/13-gca-8405"},"notice":"GroundRules: Original legal text. Not legal advice."}