Whenever a bank or trust company is duly authorized to act and is acting as a fiduciary, which term shall include an executor, administrator, trustee, guardian, or conservator, and has a nominee in whose name securities, including, without limitation, bonds, stocks, notes, and other evidences of title to intangible personal property, held as a fiduciary, may be registered, it shall be lawful to register securities in the name of the nominee without mention of the fiduciary relationship in the trust instrument evidencing the securities or on the books of the issuer of the same, provided that:
History. Code 1981, § 53-12-290 , enacted by Ga. L. 2010, p. 579, § 1/SB 131.
Cross references.
Uniform transfer on death security registration, § 53-5-60 et seq.
Structure Georgia Code