Corporate stock; payment or refund; release of employer
Sec. 2. Should said payment or refund made as provided in section
1 of this chapter be comprised in whole or in part of stock in any
corporation, such corporation may accept said stock for transfer as
directed by the employer, former employer, or the trustee making
such payment or refund, and shall be entitled to treat the transferee
as the owner of said stock for all purposes unless and until the
corporation has received at its home office written notice by or on
behalf of some other person that such other person claims to be
entitled to such stock or to some interest therein.
(Formerly: Acts 1957, c.63, s.2.) As amended by P.L.144-1986,
SEC.19.
Last modified: May 27, 2006