Nonliability of corporation and transfer agent

1. Law
2. District of Columbia Code
3. Commercial Instruments and Transactions. [Enacted title]
4. Fiduciary Security Transfers
5. Nonliability of corporation and transfer agent

A corporation or transfer agent does not incur liability to any person by making a transfer or otherwise acting in a manner authorized by this chapter.

(Aug. 30, 1964, 78 Stat. 674, Pub. L. 88-509, § 1.)

Prior Codifications

1981 Ed., § 28-2906.

1973 Ed., § 28-2906.

Editor's Notes

Uniform Law: This section is based upon § 6 of the Uniform Act for Simplification of Fiduciary Security Transfers.

Download our app to see the most-to-date content.