issuer


issuer
Corporation, governmental bodies, and other entities that issue and distribute securities. With respect to obligations on or defenses to investment securities "issuer" includes a person who:
(a) places or authorizes the placing of his name on a security (otherwise than as authenticating trustee, registrar, transfer agent or the like) to evidence that it represents a share, participation or other interest in his property or in an enterprise or to evidence his duty to perform an obligation evidenced by the security; or
(b) directly or indirectly creates fractional interests in his rights or property which fractional interests are evidenced by securities; or
(c) becomes responsible for or in place of any other person described as an issuer in this section. U.C.C. No. 8-201(1).
Every person who issues or proposes to issue any securities; generally the legal entity owning the securities and which has the responsibility for causing the same to be offered publicly or privately.
See also issue (Securities).
As regards letters of credit, means a bank or other person issuing a credit. U.C.C. No. 5-103(lXc).
As regards documents of title, means a bailee who issues a document except that in relation to an unaccepted delivery order it means the person who orders the possessor of goods to deliver. Issuer includes any person for whom an agent or employee purports to act in issuing a document if the agent or employee has real or apparent authority to issue documents, notwithstanding that the issuer received no goods or that the goods were misdescribed or that in any other respect the agent or employee violated his instructions. U.C.C. No. 7-102(g)

Black's law dictionary. . 1990.

Look at other dictionaries:

  • issuer — This term has different meanings depending on the context in which it is used:  For the purposes of the Listing Rules, any company or other legal person or undertaking (including a public sector issuer), any class of whose securities has been… …   Law dictionary

  • Issuer — Is su*er ([i^]sh [ u]*[ e]r), n. One who issues, emits, or publishes. [1913 Webster] …   The Collaborative International Dictionary of English

  • Issuer — A legal entity that develops, registers and sells securities for the purpose of financing its operations. Issuers may be domestic or foreign governments, corporations or investment trusts. Issuers are legally responsible for the obligations of… …   Wikipedia

  • issuer — A party or entity that sells a security representing a claim on its assets (an equity security) or its contractual obligation to pay the holder at a future date (a debt security). American Banker Glossary An entity that puts a financial asset in… …   Financial and business terms

  • Issuer — An entity that issues a financial asset. The New York Times Financial Glossary * * * issuer is‧su‧er [ˈɪʆuə, ˈɪsjuə ǁ ˈɪʆuər] noun [countable] 1. a person or organization that officially gives something such as a document to people who need or… …   Financial and business terms

  • issuer — Corporation, governmental bodies, and other entities that issue and distribute securities. With respect to obligations on or defenses to investment securities issuer includes a person who: (a) places or authorizes the placing of his name on a… …   Black's law dictionary

  • Issuer — A legal entity that develops, registers and sells securities for the purpose of financing its operations. Issuers may be domestic or foreign governments, corporations or investment trusts. Issuers are legally responsible for the obligations of… …   Investment dictionary

  • issuer — noun Issuer is used after these nouns: ↑card, ↑credit card …   Collocations dictionary

  • issuer — vertybinių popierių emitentas statusas Aprobuotas sritis buhalterinė apskaita ir finansinė atskaitomybė apibrėžtis Juridinis asmuo, siūlantis leisti ar leidžiantis savo vertybinius popierius. atitikmenys: angl. issuer vok. Emittent rus. эмитент… …   Lithuanian dictionary (lietuvių žodynas)

  • issuer — In general one who issues something. A person who places or authorizes the placing of his name on a security (otherwise than as authenticating trustee, registrar transfer agent, or the like) to evidence that it represents a share, participation,… …   Ballentine's law dictionary


Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.