{"data":{"id":"us-wv/w.-va.-code-46-8-401","jurisdiction":"us-wv","citation":"W. Va. Code § 46-8-401","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:\n(1) Under the terms of the security the person seeking registration of transfer is eligible to have the security registered in its name;\n(2) 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(3) Reasonable assurance is given that the indorsement or instruction is genuine and authorized (section 8-402);\n(4) Any applicable law relating to the collection of taxes has been complied with;\n(5) The transfer does not violate any restriction on transfer imposed by the issuer in accordance with section 8-204;\n(6) A demand that the issuer not register transfer has not become effective under section 8-403, or the issuer has complied with section 8-403(b) but no legal process or indemnity bond is obtained as provided in section 8-403(d); and\n(7) The transfer is in fact rightful or is to a protected purchaser.\n(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.","path":["CHAPTER 46. UNIFORM COMMERCIAL CODE.","ARTICLE 8. INVESTMENT SECURITIES.","Part 4. Registration."],"source_url":"https://code.wvlegislature.gov/46-8-401/","current_through":"as of 2026-08-03; contains at least the enactments of the 2026 Regular Session","vintage":"","retrieved_at":"2026-09-06T00:29:53Z","sha256":"57ddeb15ae9867f89fb24037497ed21aa6deb27c51ed4d095cba274ff2d38d06","source_id":"us-wv","stale":true,"prev":"us-wv/w.-va.-code-46-8-307","next":"us-wv/w.-va.-code-46-8-402"},"notice":"GroundRules: Original legal text. Not legal advice."}