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.
Idaho Code § 68-602
Corporation’s duty to inquire into a transfer
Known as the Nominee Registration Act
The act spans §§ 68–68 (3 sections).
1949, ch. 33, § 2, p. 56.
Current official text: Idaho Statutes (Idaho Legislature). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Idaho statutes; confirm against the official source for the current text. Not legal advice.