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Fiduciaries and Trusts | |
Uniform Act for Simplification of Fiduciary Security Transfers | |
Section 9 | Territorial application of law to rights and duties of corporation or third persons. |
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22-5-9. Territorial application of law to rights and duties of corporation or third
persons. (1) 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. (2) This chapter 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.
Amended by Chapter 20, 1995 General Session |
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