1. (1) With respect to obligations on or defenses to a security, "issuer" includes a person who:

   1. (a) Places or authorizes the placing of her or his name on a certificated security (otherwise than as authenticating trustee, registrar, transfer agent, or the like) to evidence that it represents a share, participation, or other interest in the person's property or in an enterprise, or to evidence her or his duty to perform an obligation represented by the certificated security;
   2. (b) Creates shares, participations, or other interests in her or his property or in an enterprise or undertakes obligations, which shares, participations, interests, or obligations are uncertificated securities;
   3. (c) Directly or indirectly creates fractional interests in her or his rights or property, which fractional interests are represented by certificated securities; or
   4. (d) Becomes responsible for or in place of any other person described as an issuer in this section.
2. (2) With respect to obligations on or defenses to a security, a guarantor is an issuer to the extent of her or his guaranty, whether or not her or his obligation is noted on a certificated security or on statements of uncertificated securities sent pursuant to s. 678.408.
3. (3) With respect to registration of transfer, pledge, or release (part IV of this chapter), "issuer" means a person on whose behalf transfer books are maintained.

History.--s. 1, ch. 65-254; s. 1, ch. 87-275; s. 651, ch. 97-102.

Note.--s. 8-201, U.C.C.; supersedes ss. 674.32, 674.62-674.64.