South Carolina § 35-6-30 Security allowed to be registered in beneficiary form when form authorized by certain laws; presumption of validity.

South Carolina Statutes

§ 35-6-30 — Security allowed to be registered in beneficiary form when form authorized by certain laws; presumption of validity.

South Carolina·Title 35 SECURITIES·Ch. 6 UNIFORM TRANSFER ON DEATH SECURITY REGISTRATION ACT

A security may be registered in beneficiary form, if the form is authorized by this chapter, by the laws of the state of organization of the issuer or registering entity; by the laws of the state of the location of the registering entity's principal office, the office of its transfer agent, or its office making the registration; or by the laws of the state listed as the owner's address at the time of registration. A registration governed by the law of a jurisdiction in which these provisions are 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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A security may be registered in beneficiary form, if the form is authorized by this chapter, by the laws of the state of organization of the issuer or registering entity; by the laws of the state of the location of the registering entity's principal office, the office of its transfer agent, or its office making the registration; or by the laws of the state listed as the owner's address at the time of registration. A registration governed by the law of a jurisdiction in which these provisions are 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.

South Carolina § 35-6-30 (Security allowed to be registered in beneficiary form when form authorized by certain laws; presumption of validity.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.