{"data":{"id":"us-id/idaho-code-28-8-401","jurisdiction":"us-id","citation":"Idaho Code § 28-8-401","heading":"Duty of issuer to register transfer.","body":"(1) 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(a) Under the terms of the security the person seeking registration of transfer is eligible to have the security registered in its name;\n(b) The indorsement 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(c) Reasonable assurance is given that the indorsement or instruction is genuine and authorized (section 28-8-402);\n(d) Any applicable law relating to the collection of taxes has been complied with;\n(e) The transfer does not violate any restriction on transfer imposed by the issuer in accordance with section 28-8-204;\n(f) A demand that the issuer not register transfer has not become effective under section 28-8-403, or the issuer has complied with section 28-8-403(2), but no legal process or indemnity bond is obtained as provided in section 28-8-403(4); and\n(g) The transfer is in fact rightful or is to a protected purchaser.\n(2) 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 28 COMMERCIAL TRANSACTIONS","CHAPTER 8 INVESTMENT SECURITIES","PART 4. REGISTRATION"],"source_url":"https://legislature.idaho.gov/statutesrules/idstat/title28/t28ch8/sect28-8-401/","current_through":"2026 Legislative Session","vintage":"","retrieved_at":"2026-09-04T11:18:19Z","sha256":"cae6f72ee3a8f0bd0248f769cc1c7126866ed1d9728f3b71dd2faf070b095090","source_id":"us-id","stale":false,"prev":"us-id/idaho-code-28-8-307","next":"us-id/idaho-code-28-8-402"},"notice":"GroundRules: Original legal text. Not legal advice."}