Sec. 8. (a) The rights and duties of a
corporation and its transfer agents in registering a security in the name of a
fiduciary or in making a transfer of a security pursuant to an assignment by a fiduciary are governed by the law of the
jurisdiction under whose laws the corporation is organized.
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Terms Used In Indiana Code 30-2-5-8
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Fiduciary: A trustee, executor, or administrator.
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
Formerly: Acts 1961, c.124, s.8. As amended by Acts 1982, P.L.171, SEC.101.
