Propose a change

Title 34.1 Uniform Commercial Code

Write the words of this act the way you think they should read. Solon shows your change as a redline against the published text and pins it to that exact text, so it can never be applied to wording you did not see.

Change 1

Article

What to do with it

Reword itRepeal itAdd a new article after it

As published

34.1-8-201. Issuer.

(a) With respect to an obligation on or a defense to a security, an "issuer" includes a person that: (i) 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; (ii) Creates a share, participation, or other interest in its property or in an enterprise, or undertakes an obligation, that is an uncertificated security; (iii) Directly or indirectly creates a fractional interest in its rights or property, if the fractional interest is represented by a security certificate; or (iv) Becomes responsible for, or in place of, another person described as an issuer in this section. (b) 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. (c) With respect to a registration of a transfer, issuer means a person on whose behalf transfer books are maintained.

Your wording

(a) With respect to an obligation on or a defense to a security, an "issuer" includes a person that:
(i) 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;
(ii) Creates a share, participation, or other interest in its property or in an enterprise, or undertakes an obligation, that is an uncertificated security;
(iii) Directly or indirectly creates a fractional interest in its rights or property, if the fractional interest is represented by a security certificate; or
(iv) Becomes responsible for, or in place of, another person described as an issuer in this section.
(b) 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.
(c) With respect to a registration of a transfer, issuer means a person on whose behalf transfer books are maintained.

Your change, as a redline

34.1-8-201. Issuer.

Title

One line that says what changes, such as "Halve the dog tax".

Why

Who it helps, what it costs, what it fixes. It is what persuades people to support it.

A proposal here is not law. Support on Solon is evidence that people want the change; the official route says what it takes to make it law.