Indiana Statutes
§ 30-2-5-2 — Registration in name of fiduciary
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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Nearby Sections
15
§ 30-1-2-1
Stocks; bonds; securities§ 30-1-2-2
Securities not listed; terms§ 30-1-4-1
Eligible investments§ 30-1-5-1
Securities; insurance§ 30-1-6-3
Bidding; report; hearing; endorsement§ 30-1-6-5
Acts conclusive; disaffirmance denied§ 30-1-7-2
Petition to execute options; prospectus§ 30-1-7-3
Hearing; order of court§ 30-1-7-4
Binding and conclusive; disaffirmance§ 30-1-8-1
Definitions