9-1607. Appointment of nominee when acting as fiduciary; liability.
9-1607
9-1607. Appointment of nominee when acting as fiduciary; liability.
Any state or national bank or trust company, when acting in this state
as a fiduciary or a co-fiduciary with others, may with the consent of its
co-fiduciary or co-fiduciaries, if any, who are hereby authorized to give
such consent, cause any investment held in any such capacity, to be
registered and held in the name of a nominee or nominees of such bank or
trust company. Such bank or trust company shall be liable for the acts of
any such nominee with respect to any investment so registered.
History: L. 1951, ch. 122, § 1; June 30.