C.R.S.
Section 4-8-401
Duty of issuer to register transfer
(a)
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:(1)
Under the terms of the security the person seeking registration of transfer is eligible to have the security registered in its name;(2)
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;(3)
Reasonable assurance is given that the indorsement or instruction is genuine and authorized (section 4-8-402);(4)
Any applicable law relating to the collection of taxes has been complied with;(5)
The transfer does not violate any restriction on transfer imposed by the issuer in accordance with section 4-8-204;(6)
A demand that the issuer not register transfer has not become effective under section 4-8-403, or the issuer has complied with section 4-8-403 (b) but no legal process or indemnity bond is obtained as provided in section 4-8-403 (d); and(7)
The transfer is in fact rightful or is to a protected purchaser.(b)
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.
Source:
Section 4-8-401 — Duty of issuer to register transfer, https://leg.colorado.gov/sites/default/files/images/olls/crs2023-title-04.pdf
(accessed Oct. 20, 2023).