(a) Absence of actual knowledge of misuse of proceeds.- A person who participates in the acquisition, disposition, assignment or transfer of a security by or to a fiduciary, including a person who guarantees the signature of the fiduciary, shall have the immunity from liability described under § 5-421 (b) of the Courts and Judicial Proceedings Article.
(b) Person who guaranteed signature of fiduciary.- If a corporation or transfer agent makes a transfer pursuant to an assignment by a fiduciary, a person who guaranteed the signature of the fiduciary shall have the immunity from liability described under § 5-421 (c) of the Courts and Judicial Proceedings Article.
(c) No liability imposed on corporation or transfer agent.- This section and § 5-421 of the Courts and Judicial Proceedings Article do not impose any liability upon the corporation or its transfer agent.
(a) Absence of actual knowledge of misuse of proceeds.- A person who participates in the acquisition, disposition, assignment or transfer of a security by or to a fiduciary, including a person who guarantees the signature of the fiduciary, shall have the immunity from liability described under § 5-421 (b) of the Courts and Judicial Proceedings Article.
(b) Person who guaranteed signature of fiduciary.- If a corporation or transfer agent makes a transfer pursuant to an assignment by a fiduciary, a person who guaranteed the signature of the fiduciary shall have the immunity from liability described under § 5-421 (c) of the Courts and Judicial Proceedings Article.
(c) No liability imposed on corporation or transfer agent.- This section and § 5-421 of the Courts and Judicial Proceedings Article do not impose any liability upon the corporation or its transfer agent.
(a) Absence of actual knowledge of misuse of proceeds.- A person who participates in the acquisition, disposition, assignment or transfer of a security by or to a fiduciary, including a person who guarantees the signature of the fiduciary, shall have the immunity from liability described under § 5-421 (b) of the Courts and Judicial Proceedings Article.
(b) Person who guaranteed signature of fiduciary.- If a corporation or transfer agent makes a transfer pursuant to an assignment by a fiduciary, a person who guaranteed the signature of the fiduciary shall have the immunity from liability described under § 5-421 (c) of the Courts and Judicial Proceedings Article.
(c) No liability imposed on corporation or transfer agent.- This section and § 5-421 of the Courts and Judicial Proceedings Article do not impose any liability upon the corporation or its transfer agent.
