TITLE 68

TRUSTS AND FIDUCIARIES

CHAPTER 9

SIMPLIFICATION OF FIDUCIARY SECURITY TRANSFERS

68-908.  Territorial application. (a) The rights and duties of a corporation and its transfer agents in registering a security in the name of a fiduciary or in making a transfer of a security pursuant to an assignment by a fiduciary are governed by the law of the jurisdiction under whose laws the corporation is organized.

(b)  This act applies to the rights and duties of a person other than the corporation and its transfer agents with regard to acts and omissions in this state in connection with the acquisition, disposition, assignment, or transfer of a security by or to a fiduciary and of a person who guarantees in this state the signature of a fiduciary in connection with such a transaction.

History:

[68-908, added 1959, ch. 136, sec. 8, p. 294.]