Territorial application
Sec. 8. (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 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.
(Formerly: Acts 1961, c.124, s.8.) As amended by Acts 1982,
P.L.171, SEC.101.
Last modified: May 27, 2006