1. Before due presentment for registration of transfer of a certificated security in registered form, or of an instruction requesting registration of transfer of an uncertificated security, the issuer or indenture trustee may treat the registered owner as the person exclusively entitled to vote, receive notifications, and otherwise exercise all the rights and powers of an owner.
2. This Article does not affect the liability of the registered owner of a security for a call, assessment, or the like.
[C50, 54, 58, 62, § 493A.3, 493A.21; C66, 71, 73, 75, 77, 79, 81, § 554.8207]
89 Acts, ch 113, § 14; 96 Acts, ch 1138, § 30, 84
1996 amendments take effect July 1, 1997; 96 Acts, ch 1138, § 84; for provisions governing the continued perfection of security interests that are perfected as of July 1, 1997, see 96 Acts, ch 1138, § 80, 84; for law prior to July 1, 1997, see Code 1995
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