17-49a03. Same; applicable law.
17-49a03
17-49a03. Same; applicable law.
A security or security account 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. A registration governed by
the law of a jurisdiction in which this or similar legislation is not in force
or was not in force when a registration in beneficiary form was made is
nevertheless presumed to be valid and authorized as a matter of contract law.
History: L. 1994, ch. 44, § 3;
L. 2008, ch. 11, § 2; July 1.