US Lawyer Database

Section 441.101 – Uniform Fiduciary Security Transfer Simplification Act; Definitions.

441.101 Uniform fiduciary security transfer simplification act; definitions. Sec. 1. In this act, unless the context otherwise requires: (a) “Assignment” means any written stock power, bond power, bill of sale, deed, declaration of trust or other instrument of transfer. (b) “Claim of beneficial interest” means a claim of any interest by a decedent’s legatee, distributee, […]

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 […]