Corpus

Duty of issuer to register transfer.

Miss. Code Ann. § 75-8-401
in effect
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If a certificated security in registered form is presented to an issuer with a request to register transfer or an instruction is presented to an issuer with a request to register transfer of an uncertificated security, the issuer shall register the transfer as requested if: Under the terms of the security the person seeking registration of transfer is eligible to have the security registered in its name; The indorsement or instruction is made by the appropriate person or by an agent who has actual authority to act on behalf of the appropriate person; Reasonable assurance is given that the indorsement or instruction is genuine and authorized (Section 75-8-402); Any applicable law relating to the collection of taxes has been complied with; the transfer does not violate any restriction on transfer imposed by the issuer in accordance with Section 75-8-204; A demand that the issuer not register transfer has not become effective under Section 75-8-403, or the issuer has complied with Section 75-8-403(b) but no legal process or indemnity bond is obtained as provided in Section 8-403(d); and The transfer is in fact rightful or is to a protected purchaser. If an issuer is under a duty to register a transfer of a security, the issuer is liable to a person presenting a certificated security or an instruction for registration or to the person’s principal for loss resulting from unreasonable delay in registration or failure or refusal to register the transfer.