55-8-6 Assignment of security by fiduciary--Compliance with controlling instrument and law govern...
Assignment of security by fiduciary--Compliance with controlling instrument and
law governing fiduciary relationship assumed.
Except as otherwise provided in this chapter, a
corporation or transfer agent making a transfer of a security pursuant to an assignment by a fiduciary
may assume without inquiry that the fiduciary has complied with any controlling instrument and with
the law of the jurisdiction governing the fiduciary relationship, including any law requiring the
fiduciary to obtain court approval of the transfer.
Source: SL 1961, ch 22, § 3 (2).