Michigan Compiled Laws Act 239 Of 1959 Uniform Act For The Simplification Of Fiduciary Security Transfers (441.101 - 441.112)

• Section 441.101 Uniform Fiduciary Security Transfer Simplification Act; Definitions.
  In this act, unless the context otherwise requires: (a) “Assignment” means any written stock power, bond power, bill of sale, deed, declaration of trust...
• Section 441.102 Fiduciary Security Transfers; Registration.
  A corporation or transfer agent registering a security in the name of a person who is a fiduciary or who is described as a...
• Section 441.103 Fiduciary Security Transfers; Assignment By Fiduciary.
  Except as otherwise provided in this act, a corporation or transfer agent making a transfer of a security pursuant to an assignment by a...
• Section 441.104 Fiduciary Security Transfers; Evidence Of Appointment Or Incumbency.
  A corporation or transfer agent making a transfer pursuant to an assignment by a fiduciary who is not the registered owner shall obtain the...
• Section 441.105 Fiduciary Security Transfers; Adverse Claims.
  (a) A person asserting a claim of beneficial interest adverse to the transfer of a security pursuant to an assignment by a fiduciary may...
• Section 441.106 Fiduciary Security Transfers; Corporation Or Transfer Agent, Nonliability.
  A corporation or transfer agent incurs no liability to any person by making a transfer or otherwise acting in a manner authorized by this...
• Section 441.107 Fiduciary Security Transfers; Third Persons, Nonliability.
  (a) No person who participates in the acquisition, disposition, assignment or transfer of a security by or to a fiduciary, including a person who...
• Section 441.108 Fiduciary Security Transfers; 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...
• Section 441.109 Fiduciary Security Transfers; Tax Obligations.
  This act does not affect any obligation of a corporation or transfer agent with respect to estate, inheritance, succession or other taxes imposed by...
• Section 441.110 Construction Of Act.
  This act shall be so construed as to effectuate its general purpose to make uniform the law of those states which enact it. History:...
• Section 441.111 Uniform Act For The Simplification Of Fiduciary Security Transfers; Short Title.
  This act shall be known and may be cited as the “Uniform act for the simplification of fiduciary security transfers”. History: 1959, Act 239,...
• Section 441.112 Effective Date Of Act.
  This act shall take effect January 1, 1960. History: 1959, Act 239, Eff. Mar. 19, 1960

Last modified: October 10, 2016