                                 CODE OF VIRGINIA

PURCHASER&#8217;S RIGHT TO REQUISITES FOR REGISTRATION OF TRANSFER (§ 8.8A-307)

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.

HISTORY: 1996, c. 216.