§ 30-2-5-8 — 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
making a transfer of a security pursuant to an assignment by a fiduciary
are governed by the law of the jurisdiction under whose laws the
corporation is organized.
(b) This chapter applies to the rights and duties of a person other
than the corporation and its transfer agents with regard to acts and
omissions in this state in connection with the acquisition, disposition,
assignment, or transfer of a security by or to a fiduciary and of a person
who guarantees in this state the signature of a fiduciary in connection
with such a transaction.
Formerly: Acts 1961, c.124, s.8. As amended by Acts 1982,
P.L.171, SEC.101.