(a) The rights and duties of a corporation and its transfer agents in registering a security in the name of a fiduciary or in making a transfer of a security pursuant to an assignment by a fiduciary are governed by the law of the jurisdiction under whose laws the corporation is organized.
(b) This subtitle applies to the rights and duties of a person other than the corporation and its transfer agents with regard to acts and omissions in this State in connection with the acquisition, disposition, assignment, or transfer of a security by or to a fiduciary and of a person who guarantees in this State the signature of a fiduciary in connection with such a transaction.
Structure Maryland Statutes
Subtitle 3 - Maryland Uniform Act for the Simplification of Fiduciary Security Transfers
Section 15-304 - Evidence Required When Fiduciary Not Registered Owner
Section 15-306 - Nonliability of Corporation and Transfer Agent
Section 15-307 - Nonliability of Third Persons
Section 15-308 - Territorial Application
Section 15-309 - Tax Obligations