A corporation or transfer agent making a transfer pursuant to an assignment by a fiduciary who is not the registered owner shall obtain the following evidence of appointment or incumbency:
(a) In the case of a fiduciary appointed or qualified by a court, a certificate issued by or under the direction or supervision of that court or an officer thereof and dated within sixty days before the transfer; or
(b) In any other case, a copy of a document showing the appointment or a certificate issued by or on behalf of a person reasonably believed by the corporation or transfer agent to be responsible or, in the absence of such a document or certificate, other evidence reasonably deemed by the corporation or transfer agent to be appropriate. Corporations and transfer agents may adopt standards with respect to evidence of appointment or incumbency under this subsection (b) provided such standards are not manifestly unreasonable. Neither the corporation nor transfer agent is charged with notice of the contents of any document obtained pursuant to this subsection (b) except to the extent that the contents relate directly to the appointment or incumbency.
Structure West Virginia Code
Article 4D. Uniform Act for Simplification of Fiduciary Security Transfers
§31-4D-2. Registration in Name of Fiduciary
§31-4D-3. Transfer Pursuant to Assignment by Fiduciary
§31-4D-4. Obtaining Evidence of Appointment or Incumbency of Fiduciary
§31-4D-6. Nonliability of Corporation or Transfer Agent
§31-4D-7. Nonliability of Third Persons
§31-4D-8. Law Governing Registering or Transferring Securities; Application of Article