{"data":{"id":"us-nc/n.c.-gen.-stat.-25-8-201","jurisdiction":"us-nc","citation":"N.C. Gen. Stat. § 25-8-201","heading":"Issuer.","body":"(a)\tWith respect to an obligation on or a defense to a security, an \"issuer\" includes a person that:\n(1)\tPlaces 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(2)\tCreates a share, participation, or other interest in its property or in an enterprise, or undertakes an obligation, that is an uncertificated security;\n(3)\tDirectly or indirectly creates a fractional interest in its rights or property, if the fractional interest is represented by a security certificate; or\n(4)\tBecomes responsible for, or in place of, another person described as an issuer in this section.\n(b)\tWith 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(c)\tWith respect to a registration of a transfer, issuer means a person on whose behalf transfer books are maintained. (1899, c. 733, ss. 29, 60 to 62; Rev., ss. 2177, 2209 to 2211; C.S., ss. 3009, 3041 to 3043; 1965, c. 700, s. 1; 1989, c. 588, s. 1; 1989 (Reg. Sess., 1990), c. 1024, s. 9(b); 1997-181, s. 1.)","path":["Chapter 25. Uniform Commercial Code.","Article 8. Investment Securities.","Part 2. Issue and Issuer."],"source_url":"https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/Chapter_25/GS_25-8-201.html","current_through":"S.L. 2026-30","vintage":"","retrieved_at":"2026-08-27T17:58:47Z","sha256":"fa0a4019878ee364cc02cc8ea391bb6d24f7279b81f78471be73e75196aeaa73","source_id":"us-nc","stale":false,"prev":"us-nc/n.c.-gen.-stat.-25-8-116","next":"us-nc/n.c.-gen.-stat.-25-8-202"},"notice":"GroundRules: Original legal text. Not legal advice."}