Except as otherwise provided in NRS 162.150 to 162.250, inclusive, a corporation or transfer agent making a transfer of a security pursuant to an assignment by a fiduciary:
1. May assume without inquiry that the assignment, even though to the fiduciary or to a nominee of the fiduciary, is within his or her authority and capacity and is not in breach of his or her fiduciary duties.
2. 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.
3. Is not charged with notice of and is not bound to obtain or examine any court record or any recorded or unrecorded document relating to the fiduciary relationship or the assignment, even though the record or document is in its possession.
(Added to NRS by 1959, 604)
Structure Nevada Revised Statutes
NRS 162.030 - Application of payment made to fiduciary.
NRS 162.050 - Transfer of negotiable instrument by fiduciary.
NRS 162.060 - Check drawn by fiduciary payable to third person.
NRS 162.070 - Check drawn by and payable to fiduciary.
NRS 162.080 - Deposit in name of fiduciary as such.
NRS 162.090 - Check drawn upon account of principal.
NRS 162.100 - Deposit in personal account of fiduciary.
NRS 162.110 - Deposit in names of two or more trustees.
NRS 162.130 - Cases not provided for in NRS 162.010 to 162.140, inclusive.
NRS 162.140 - Uniformity of interpretation.
NRS 162.170 - Registration in name of fiduciary.
NRS 162.180 - Assignment by fiduciary.
NRS 162.210 - Nonliability of corporation and transfer agent.
NRS 162.220 - Nonliability of third person.
NRS 162.230 - Application of NRS 162.150 to 162.250, inclusive.
NRS 162.240 - Tax obligations.
NRS 162.250 - Uniformity of interpretation.
NRS 162.260 - Succession to powers and duties of original fiduciary.
NRS 162.270 - Continued administration by surviving fiduciary.
NRS 162.280 - Withholding of property from beneficiary.
NRS 162.310 - Limitation on duty of attorney representing fiduciary with respect to principal.