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§ 15-302. Registration of security in fiduciary's name

West's Annotated Code of MarylandEstates and TrustsEffective: October 1, 2019

West's Annotated Code of Maryland
Estates and Trusts (Refs & Annos)
Title 15. Fiduciaries (Refs & Annos)
Subtitle 3. Maryland Uniform Act for the Simplification of Fiduciary Security Transfers (Refs & Annos)
Effective: October 1, 2019
MD Code, Estates and Trusts, § 15-302
§ 15-302. Registration of security in fiduciary's name
Currentness
A corporation or transfer agent registering a security in the name of a person who is a fiduciary or who is described as a fiduciary:
(1) Is not bound to inquire into the existence, extent, or correct description of the fiduciary relationship; and
(2) 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 the fiduciary with respect to the particular security.

Credits

Added by Acts 1974, c. 11, § 2, eff. July 1, 1974. Amended by Acts 2019, c. 197, § 1, eff. Oct. 1, 2019.
Formerly Art. 37A, § 16.
MD Code, Estates and Trusts, § 15-302, MD EST & TRST § 15-302
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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