No issuer of securities or agent thereof shall be liable for registering or causing to be registered on the books of such issuer any securities in the name of any nominee or, when the transfer is made on the authorization of the nominee, for transferring or causing to be transferred on the books of the issuer any securities theretofore registered by the issuer in the name of any nominee.
Source: L. 77: Entire part R&RE, p. 827, § 1, effective July 1.
Editor's note: This section is similar to former § 15-1-506 as it existed prior to 1977.