{"data":{"id":"us-va/va.-code-8.8a-401","jurisdiction":"us-va","citation":"Va. Code § 8.8A-401","heading":"Duty of issuer to register transfer","body":"(a) 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:(1) under the terms of the security the person seeking registration of transfer is eligible to have the security registered in its name;(2) the endorsement or instruction is made by the appropriate person or by an agent who has actual authority to act on behalf of the appropriate person;(3) reasonable assurance is given that the endorsement or instruction is genuine and authorized (§ 8.8A-402);(4) any applicable law relating to the collection of taxes has been complied with;(5) the transfer does not violate any restriction on transfer imposed by the issuer in accordance with § 8.8A-204;(6) a demand that the issuer not register transfer has not become effective under § 8.8A-403, or the issuer has complied with § 8.8A-403 (b) but no legal process or indemnity bond is obtained as provided in § 8.8A-403 (d); and(7) the transfer is in fact rightful or is to a protected purchaser.(b) 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.1996, c. 216.","path":["Title 8.8A. COMMERCIAL CODE — INVESTMENT SECURITIES","Part 4. REGISTRATION"],"source_url":"https://law.lis.virginia.gov/vacode/8.8A-401/","current_through":"9/4/2026","vintage":"","retrieved_at":"2026-09-04T15:13:24Z","sha256":"e5429f287892166123f80b5cf85803456d0262717b75197aad8e1c3ddefb423d","source_id":"us-va","stale":true,"prev":"us-va/va.-code-8.8a-307","next":"us-va/va.-code-8.8a-402"},"notice":"GroundRules: Original legal text. Not legal advice."}