Montana § 72-6-303 Registration In Beneficiary Form -- Applicable Law

Montana Statutes

§ 72-6-303 — Registration In Beneficiary Form -- Applicable Law

Montana·Title 72 ESTATES, TRUSTS, AND FIDUCIARY RELATIONSHIPS·Ch. 6 NONPROBATE TRANSFERS ON DEATH·Part 3 Uniform TOD Security Registration Act

72-6-303 . Registration in beneficiary form -- applicable law.

(1)A security may be registered in beneficiary form if the form is authorized by this or a similar statute of the state:

(a)of organization of the issuer or registering entity;

(b)of the location of the registering entity's principal office;

(c)of the office of its transfer agent or its office making the registration; or

(d)listed as the owner's address at the time of registration.

(2)A registration governed by the law of a jurisdiction in which this or similar legislation is not in force or was not in force when a registration in beneficiary form was made is nevertheless presumed to be valid and authorized as a matter of contract law.

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72-6-303 . Registration in beneficiary form -- applicable law. (1) A security may be registered in beneficiary form if the form is authorized by this or a similar statute of the state:
(a) of organization of the issuer or registering entity;
(b) of the location of the registering entity's principal office;
(c) of the office of its transfer agent or its office making the registration; or
(d) listed as the owner's address at the time of registration.
(2) A registration governed by the law of a jurisdiction in which this or similar legislation is not in force or was not in force when a registration in beneficiary form was made is nevertheless presumed to be valid and authorized as a matter of contract law.

Montana § 72-6-303 (Registration In Beneficiary Form -- Applicable Law) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.