§ 18-11-9. Territorial applicability.
(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 chapter 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 this transaction.
History of Section.P.L. 1959, ch. 85, § 9.
Structure Rhode Island General Laws
Chapter 18-11 - Simplification of Fiduciary Security Transfers
Section 18-11-1. - Short title.
Section 18-11-2. - Definitions.
Section 18-11-3. - Registration in the name of a fiduciary.
Section 18-11-4. - Assignment by a fiduciary.
Section 18-11-5. - Evidence of appointment or incumbency.
Section 18-11-6. - Adverse claims.
Section 18-11-7. - Non-liability of corporation and transfer agent.
Section 18-11-8. - Non-liability of third persons.
Section 18-11-9. - Territorial applicability.