§ 18-10-4. Corporation or transfer agent relieved of liability on transfer of stock.
In case any stock, shares, bonds, debentures, notes, or other securities are registered in the name of a nominee or nominees in accordance with the provisions of this chapter, the corporation, joint stock company, business trust, or association which has issued any securities, and the transfer agent or agents and the registrar or registrars thereof, shall be fully relieved from liability for any loss occasioned by the acts of any fiduciary or of any depositary under § 18-10-2, or of the nominee or nominees with respect to securities registered in the name of the nominee or nominees.
History of Section.P.L. 1958, ch. 101, § 4.
Structure Rhode Island General Laws
Chapter 18-10 - Registration of Securities in Name of Nominee
Section 18-10-1. - Authority to register security in name of nominee.
Section 18-10-2. - Direction for registration by individual fiduciary.
Section 18-10-3. - Liability of trust company or banking association — Accounts to show ownership.
Section 18-10-4. - Corporation or transfer agent relieved of liability on transfer of stock.