Idaho Statutes

§ 68-602 — CORPORATION’S DUTY TO INQUIRE INTO A TRANSFER

Idaho·Title 68 TRUSTS AND FIDUCIARIES·Ch. 6 NOMINEE REGISTRATION ACT
A corporation and its transfer agent shall be under no obligation to inquire into the propriety of a transfer of any stock or security held in a nominee’s name unless the corporation or transfer agent has actual knowledge of a breach of fiduciary duty in connection with assets so held.

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Legislative History

[68-602, added 1949, ch. 33, sec. 2, p. 56.]

Nearby Sections

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