§ 30.08.170. Securities may be held in name of nominee
Any trust company incorporated under the laws of this state and any national banking association authorized to act in a fiduciary capacity in this state, when acting in a fiduciary capacity, either alone or jointly with an individual or individuals, may, with the consent of such individual fiduciary or fiduciaries, who are hereby authorized to give such consent, cause any stocks, securities, or other property now held or hereafter acquired to be registered and held in the name of a nominee or nominees of such corporate or association fiduciary without mention of the fiduciary relationship. Any such fiduciary shall be liable for any loss occasioned by the acts of any of its nominees with respect to such stocks, securities or other property so registered.
[1955 c 33 § 30.08.170. Prior: 1947 c 146 § 1; Rem. Supp. 1947 § 3292b.]
Sections: Previous 30.08.083 30.08.084 30.08.086 30.08.087 30.08.088 30.08.090 30.08.092 30.08.095 30.08.140 30.08.150 30.08.155 30.08.160 30.08.170 30.08.180 30.08.190 NextLast modified: April 7, 2009