Section 8--407. Authenticating Trustee, Transfer Agent, and Registrar.

A person acting as authenticating trustee, transfer agent, registrar,
or other agent for an issuer in the registration of a transfer of its
securities, in the issue of new security certificates or uncertificated
securities, or in the cancellation of surrendered security certificates
has the same obligation to the holder or owner of a certificated or
uncertificated security with regard to the particular functions
performed as the issuer has in regard to those functions.