§ 8207 Rights Of Registered Owner

• •The company can only recognize the person listed as the owner of a stock or bond for voting or getting updates, until the new owner officially registers.
• •If the stock or bond has fees or charges, the person listed as the owner is still responsible for paying them, even if they sold it.
• •This rule doesn’t change who has to pay for things like extra fees on the stock or bond.

You sell your stock to a friend but forget to update the official records. The company sends a notice about a vote for shareholders.

The company will send the voting notice to you, not your friend, because you’re still listed as the owner. You’re also still responsible for any fees on that stock until your friend is officially registered.