Indiana § 30-2-5-2 Registration in name of fiduciary

Indiana Statutes

§ 30-2-5-2 — Registration in name of fiduciary

Indiana § 30-2-5-2

Art. 2GENERAL PROVISIONS

Ch. 5Uniform Act for the Simplification of Fiduciary Security

This text of Indiana § 30-2-5-2 (Registration in name of fiduciary) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 30-2-5-2 (2026).

Text

A corporation or transfer agent registering a
security in the name of a person who is a fiduciary or who is described
as fiduciary is not bound to inquire into the existence, extent, or correct
description of the fiduciary relationship; and thereafter the corporation
and its transfer agent may assume without inquiry that the newly
registered owner continues to be the fiduciary until the corporation or
transfer agent receives written notice that the fiduciary is no longer
acting as such with respect to the particular security.
Formerly: Acts 1961, c.124, s.2.

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A corporation or transfer agent registering a
security in the name of a person who is a fiduciary or who is described
as fiduciary is not bound to inquire into the existence, extent, or correct
description of the fiduciary relationship; and thereafter the corporation
and its transfer agent may assume without inquiry that the newly
registered owner continues to be the fiduciary until the corporation or
transfer agent receives written notice that the fiduciary is no longer
acting as such with respect to the particular security.
Formerly: Acts 1961, c.124, s.2.