17-4910. Rights and duties of corporation and transfer agents in registering or transferring securities.
17-4910
17-4910. Rights and duties of corporation and transfer agents in
registering or transferring securities.
(a) The rights and duties of a corporation and its transfer agents in
registering a security in the name of a fiduciary or in making a transfer
of a security pursuant to an assignment by a fiduciary are governed by the
law of the jurisdiction under whose laws the corporation is organized.
(b) This act applies to the rights and duties of a person other than the
corporation and its transfer agents with regard to acts and omissions in
this state in connection with the acquisition, disposition, assignment, or
transfer of a security by or to a fiduciary and of a person who guarantees
in this state the signature of a fiduciary in connection with such a
transaction.
History: L. 1961, ch. 123, § 8; July 1.