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. The Uniform Act for Simplification of Fiduciary Security Transfers 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.
History: Laws 1991, ch. 177, ยง 9.
Structure New Mexico Statutes
Chapter 46 - Fiduciaries and Trusts
Article 8 - Simplification of Fiduciary Security Transfers
Section 46-8-1 - Short (long) title.
Section 46-8-3 - Registration in the name of a fiduciary.
Section 46-8-4 - Assignment by a fiduciary.
Section 46-8-5 - Evidence of appointment or incumbency.
Section 46-8-6 - Adverse claims.
Section 46-8-7 - Non-liability of corporation and transfer agent.
Section 46-8-8 - Non-liability of third persons.