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This entry was published on 2014-09-22
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Purchaser's Right to Requisites for Registration of Transfer
Uniform Commercial Code (UCC) CHAPTER 38, ARTICLE 8, PART 3
Section 8--307. Purchaser's Right to Requisites for Registration of


Unless otherwise agreed, the transferor of a security on due demand
shall supply the purchaser with proof of authority to transfer or with
any other requisite necessary to obtain registration of the transfer of
the security, but if the transfer is not for value, a transferor need
not comply unless the purchaser pays the necessary expenses. If the
transferor fails within a reasonable time to comply with the demand, the
purchaser may reject or rescind the transfer.