§ 33-18-24. Transfer of corporate securities and mortgages by foreign fiduciary.
Any corporation organized under the laws of this state may, before having actual notice
of the pendency of an application in this state for letters testamentary, of administration,
or guardianship, permit the executor of the will or administrator of the estate of
a decedent who at the time of his or her death was not a resident in this state, or
a guardian whose ward does not reside in this state, duly appointed, qualified, and
authorized under the laws of any other state, territory, or district of the United
States, to transfer to any person shares of stock and registe
Free access — add to your briefcase to read the full text and ask questions with AI
§ 33-18-24. Transfer of corporate securities and mortgages by foreign fiduciary.
Any corporation organized under the laws of this state may, before having actual notice
of the pendency of an application in this state for letters testamentary, of administration,
or guardianship, permit the executor of the will or administrator of the estate of
a decedent who at the time of his or her death was not a resident in this state, or
a guardian whose ward does not reside in this state, duly appointed, qualified, and
authorized under the laws of any other state, territory, or district of the United
States, to transfer to any person shares of stock and registered bonds standing in
the name of the decedent or ward and to receive the dividends and interest thereon.
The executor of the will or administrator of the estate of a decedent who at the time
of his or her death was not a resident in this state, or a guardian whose ward does
not reside in this state, duly appointed and qualified under the laws of any other
state, territory, or district of the United States shall have the power to and may
assign and transfer any mortgage debt, note, and mortgage, held by or belonging to
the decedent or to the ward, upon any real estate or personal property located in
this state, provided a duly authenticated copy of the certificate of the appointment
of the executor, administrator, or guardian, and evidence that the appointment has
not been revoked, are annexed to the assignment and transfer.