Section 441.102 – Fiduciary Security Transfers; Registration.
441.102 Fiduciary security transfers; registration. Sec. 2. A corporation or transfer agent registering a security in the name of a person who is a fiduciary or who is described as a fiduciary is not bound to inquire into the existence, extent or correct description of the fiduciary relationship; and thereafter the corporation and its transfer […]
Section 441.103 – Fiduciary Security Transfers; Assignment by Fiduciary.
441.103 Fiduciary security transfers; assignment by fiduciary. Sec. 3. Except as otherwise provided in this act, a corporation or transfer agent making a transfer of a security pursuant to an assignment by a fiduciary: (a) May assume without inquiry that the assignment, even though to the fiduciary himself or to his nominee, is within his […]
Section 441.104 – Fiduciary Security Transfers; Evidence of Appointment or Incumbency.
441.104 Fiduciary security transfers; evidence of appointment or incumbency. Sec. 4. A corporation or transfer agent making a transfer pursuant to an assignment by a fiduciary who is not the registered owner shall obtain the following evidence of appointment or incumbency: (a) In the case of a fiduciary appointed or qualified by a court, a […]