{"data":{"id":"us-mt/30-8-411","jurisdiction":"us-mt","citation":"30-8-411","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 (30-8-412);\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 30-8-214;\n(f) a demand that the issuer not register transfer has not become effective under 30-8-413, or the issuer has complied with 30-8-413(2) but no legal process or indemnity bond is obtained as provided in 30-8-413(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 30. TRADE AND COMMERCE","CHAPTER 8. UNIFORM COMMERCIAL CODE INVESTMENT SECURITIES","Part 4. Registration"],"source_url":"https://mca.legmt.gov/bills/mca/title_0300/chapter_0080/part_0040/section_0110/0300-0080-0040-0110.html","current_through":"Montana Code Annotated 2025","vintage":"","retrieved_at":"2026-09-14T04:51:03Z","sha256":"89612a97b7b89b75c6ac70ea316e2fce5ee1471fdf661310896df53fa6e1d23b","source_id":"us-mt","stale":false,"prev":"us-mt/30-8-409","next":"us-mt/30-8-412"},"notice":"GroundRules: Original legal text. Not legal advice."}