17-4904. Registration in the name of a fiduciary. 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 is not bound to inquire into the existence, extent, or correct description of the fiduciary relationship; and thereafter the corporation and its transfer agent 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 such with respect to the particular security.
History: L. 1961, ch. 123, ยง 2; July 1.
Structure Kansas Statutes
Article 49 - Uniform Act For Simplification Of Fiduciary Security Transfers
17-4904 Registration in the name of a fiduciary.
17-4905 Assignment by a fiduciary.
17-4906 Evidence of appointment or incumbency.
17-4908 Nonliability of corporation and transfer agent.
17-4909 Nonliability of third persons.