2004 Minnesota Statutes

  336.8-307 Purchaser's right to requisites for 
  registration of transfer. 

    Unless otherwise agreed, the transferor of a security on 
 due demand shall supply the purchaser with proof of authority to 
 transfer or with any other requisite necessary to obtain 
 registration of the transfer of the security, but if the 
 transfer is not for value, a transferor need not comply unless 
 the purchaser pays the necessary expenses.  If the transferor 
 fails within a reasonable time to comply with the demand, the 
 purchaser may reject or rescind the transfer. 

    HIST: 1995 c 194 art 1 s 33