HRS §490:8-207
Who the issuer can treat as the owner before transfer
Before a security is officially transferred, the company that issued it can treat the registered owner as the only person with owner rights, like voting and getting notices. This section also says the registered owner stays responsible for calls or assessments on the security.
The statute, as written — Rights and duties of issuer with respect to registered owners
(a) 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. (b) This article does not affect the liability of the registered owner of a security for a call, assessment, or the like.
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