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 not longer acting as such with respect to the particular security.
1961 c 462 s 2
Structure Minnesota Statutes
Chapters 520 - 523 — Fiduciaries; Powers Of Attorney
Chapter 520 — Fiduciaries; Uniform Acts
Section 520.02 — Application Of Payments Made To Fiduciaries.
Section 520.07 — Deposit In Name Of Fiduciary As Such.
Section 520.08 — Deposit In Name Of Principal.
Section 520.09 — Deposit In Fiduciary's Personal Account.
Section 520.10 — Deposit In Names Of Two Or More Trustees.
Section 520.12 — Cases Not Provided For In Sections 520.01 To 520.13.
Section 520.13 — Citation, Uniform Fiduciaries Act.
Section 520.22 — Registration In The Name Of A Fiduciary.
Section 520.23 — Assignment By A Fiduciary.
Section 520.24 — Evidence Of Appointment Or Incumbency.
Section 520.25 — Adverse Claims.
Section 520.26 — Nonliability Of Corporation And Transfer Agent.
Section 520.27 — Nonliability Of Third Persons.
Section 520.28 — Territorial Application.
Section 520.29 — Tax Obligations.
Section 520.30 — Uniformity Of Interpretation.
Section 520.32 — Deposit Of Securities In Central Depository.