2005 Idaho Code - 68-903 — ASSIGNMENT BY A FIDUCIARY

                                  TITLE  68
                            TRUSTS AND FIDUCIARIES
                                  CHAPTER 9
                         SIMPLIFICATION OF FIDUCIARY
                              SECURITY TRANSFERS
    68-903.  ASSIGNMENT BY A FIDUCIARY. Except as otherwise provided in this
act, a corporation or transfer agent making a transfer of a security pursuant
to an assignment by a fiduciary
    (a)  may assume without inquiry that the assignment even though to the
fiduciary himself or to his nominee, is within his authority and capacity and
is not in breach of his fiduciary duties;
    (b)  may assume without inquiry that the fiduciary has complied with any
controlling instrument and with the law of the jurisdiction governing the
fiduciary relationship, including any law requiring the fiduciary to obtain
court approval of the transfer; and
    (c)  is not charged with notice of and is not bound to obtain or examine
any court record or any recorded or unrecorded document relating to the
fiduciary relationship or the assignment, even though the record or document
is in its possession.

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