{"data":{"id":"us-me/11-m.r.s.-8-1201","jurisdiction":"us-me","citation":"11 M.R.S. §8-1201","heading":"Issuer","body":"(1).   With respect to an obligation on or a defense to a security, an \"issuer\" includes a person that:\n(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 evidence 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;\n(b).  Creates a share, participation or other interest in its property or in an enterprise, or undertakes an obligation, that is an uncertificated security;\n(c).  Directly or indirectly creates a fractional interest in its rights or property, if the fractional interest is represented by a security certificate; or\n(d).  Becomes responsible for, or in place of, another person described as an issuer in this section.\n(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.\n(3).   With respect to a registration of a transfer, issuer means a person on whose behalf transfer books are maintained.","path":["TITLE 11: UNIFORM COMMERCIAL CODE","PART 2: ISSUE AND ISSUER"],"source_url":"https://legislature.maine.gov/statutes/11/title11sec8-1201.html","current_through":"October 1, 2025","vintage":"","retrieved_at":"2026-09-04T15:12:25Z","sha256":"7902ae7c6f07d49422ecec6e540e6d44d3f1d7578524e48f0c7878cd3229402f","source_id":"us-me","stale":false,"prev":"us-me/11-m.r.s.-8-1116","next":"us-me/11-m.r.s.-8-1202"},"notice":"GroundRules: Original legal text. Not legal advice."}