§12A-8-201.

§12A-8-201.
   
   "Issuer".
   
   (a) With respect to an obligation on or a defense to a security, an
   "issuer" includes a person that:
   
   (1) 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;
   
   (2) creates a share, participation, or other interest in its property
   or in an enterprise, or undertakes an obligation, that is an
   uncertificated security;
   
   (3) directly or indirectly creates a fractional interest in its rights
   or property, if the fractional interest is represented by a security
   certificate; or
   
   (4) 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.