72-6-303. Registration in beneficiary form -- applicable law.
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/mt/title-72/chapter-6/part-3/72-6-303·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
72-6-303 . Registration in beneficiary form -- applicable law.
(1)A security may be registered in beneficiary form if the form is authorized by this or a similar statute of the state:
(a)of organization of the issuer or registering entity;
(b)of the location of the registering entity's principal office;
(c)of the office of its transfer agent or its office making the registration; or
(d)listed as the owner's address at the time of registration.
(2)A registration governed by the law of a jurisdiction in which this or similar legislation is not in force or was not in force when a registration in beneficiary form was made is nevertheless presumed to be valid and authorized as a matter of contract law.