14-6303

14-6303. Registration in beneficiary form;
applicable law

A. A security may be registered in beneficiary form if the form is authorized by
this or a similar statute of the state of organization of the issuer or registering
entity, the location of the registering entity's principal office, the office of its
transfer agent or its office making the registration or by this or a similar statute of
the law of the state listed as the owner's address at the time of registration.

B. A registration governed by the law of a jurisdiction in which a law that is
similar to this article is not in force or was not in force when a registration in
beneficiary form was made is presumed to be valid and authorized as a matter of contract
law.