CORPORATION’S DUTY TO INQUIRE INTO A TRANSFER.

  1. Law
  2. Idaho Code
  3. TRUSTS AND FIDUCIARIES
  4. NOMINEE REGISTRATION ACT
  5. CORPORATION’S DUTY TO INQUIRE INTO A TRANSFER.

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68-602. CORPORATION’S DUTY TO INQUIRE INTO A TRANSFER. A corporation and its transfer agent shall be under no obligation to inquire into the propriety of a transfer of any stock or security held in a nominee’s name unless the corporation or transfer agent has actual knowledge of a breach of fiduciary duty in connection with assets so held.

History:

[68-602, added 1949, ch. 33, sec. 2, p. 56.]


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