United States — Louisiana Act or statute

United States — Louisiana legislation

RS 10:8-307

On demand, the transferor of a security must give the purchaser proof of authority to transfer or another document needed to register the transfer, unless the parties agreed otherwise.

purchaser rightstransfer registration

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“On demand, the transferor of a security must give the purchaser proof of authority to transfer or another document needed to register the transfer, unless the parties agreed otherwise.”

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RS 10:8-307

On demand, the transferor of a security must give the purchaser proof of authority to transfer or another document needed to register the transfer, unless the parties agreed otherwise.

Section 10:8-307

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§ 10:8-307RS 10:8-307Provision

On demand, the transferor of a security must give the purchaser proof of authority to transfer or another document needed to register the transfer, unless the parties agreed otherwise.

§8-307. Purchaser's right to requisites for registration of transfer 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. Added by Acts 1978, No. 165, §1, eff. Jan. 1, 1979. Acts 1989, No. 135, §6, eff. Jan. 1, 1990; Acts 1995, No. 884, §1, eff. Jan. 1, 1996.
Section 10:8-307Verify source

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