§ 28-2908. Territorial application.

Current through October 23, 2012

(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.

(b) This chapter applies to the rights and duties of a person other than the corporation and its transfer agents with regard to acts and omissions in the District of Columbia in connection with the acquisition, disposition, assignment or transfer of a security by or to a fiduciary and of a person who guarantees in the District of Columbia the signature of a fiduciary in connection with such a transaction.

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

HISTORICAL AND STATUTORY NOTES

Prior Codifications

1981 Ed., § 28-2908.

1973 Ed., § 28-2908.

Uniform Law

This section is based upon § 8 of the Uniform Act for Simplification of Fiduciary Security Transfers. See 7C Uniform Laws Annotated, Master Edition, or ULA Database on Westlaw.