TITLE 68

TRUSTS AND FIDUCIARIES

CHAPTER 6

NOMINEE REGISTRATION ACT

68-602.  Corporation’s duty to inquire into a transfer. A corporation and its transfer agent shall be under no obligation to inquire into the propriety of a transfer of any stock or security held in a nominee’s name unless the corporation or transfer agent has actual knowledge of a breach of fiduciary duty in connection with assets so held.

History:

[68-602, added 1949, ch. 33, sec. 2, p. 56.]