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2016 Idaho Statutes
Title 68 - TRUSTS AND FIDUCIARIES
Chapter 6 - NOMINEE REGISTRATION ACT
Section 68-602 - CORPORATION'S DUTY TO INQUIRE INTO A TRANSFER.

ID Code § 68-602 (2016) What's This?

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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