Oregon Code § 78.2010·Enacted ·Last updated March 01, 2026
Statute Text
Issuer.
(1) With respect to an obligation
on or a defense to a security, an issuer includes a person that:
(a) Places or
authorizes the placing of its name on a security certificate, other than as
authenticating trustee, registrar, transfer agent or the like, to evidence a
share, participation or other interest in its property or in an enterprise, or
to evidence its duty to perform an obligation represented by the certificate;
(b) Creates a
share, participation or other interest in its property or in an enterprise, or
undertakes an obligation, that is an uncertificated security;
(c) Directly or
indirectly creates a fractional interest in its rights or property, if the
fractional interest is represented by a security certificate; or
(d) Becomes
responsible for, or stands in place of, another person described as an issuer
in this section.
(2) With respect
to an obligation on or defense to a security, a guarantor is an issuer to the
extent of its guaranty, whether or not its obligation is noted on a security
certificate.
(3) With respect
to a registration of a transfer, issuer means a person on whose behalf
transfer books are maintained. [1961 c.726 §78.2010; 1985 c.676 §78.2010; 1995
c.328 §17]
Plain English Explanation
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 78.2010
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
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