75A-7-109. Territorial application of law to rights and duties of corporation or third persons.
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Effective 9/1/2024
75A-7-109. Territorial application of law to rights and duties of corporation or third persons.
(1)The rights and duties of a corporation and the corporation's 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.
(2)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 this state in connection with the acquisition, disposition, assignment, or transfer of a security by or to a fiduciary and of a person who guarantees in this state the signature of a fiduciary in connection with such a transaction.
Renumbered and Amended by Chapter 364 , 2024 General Session