No liability for any loss caused by the acts of the nominee of a trust institution may attach to any transfer agent, registrar, corporation, officer or agent of a corporation, or other person, who, in compliance with the directions of any trust institution acting under the provisions of this article, transfers or changes the registration of any property. The certification of the trust institution that it has complied with the provisions of this article is prima facie evidence of its compliance so far as any transfer agent, registrar, corporation, officer or agent of a corporation, or other person, is concerned.
Structure West Virginia Code
Chapter 31A. Banks and Banking
Article 6. Nominee Registration of Fiduciary Securities
§31A-6-1. Procedures for Nominee Registration of Securities
§31A-6-2. Duties of Trust Institutions Making Use of Nominee Registration
§31A-6-3. Civil Liabilities and Criminal Penalties
§31A-6-4. Limitations on Liability in Transfers and Changes of Registration
§31A-6-5. Registration of Property to Evade Taxes Prohibited