§6-304. Registration in beneficiary form; applicable law

Link to law: http://legislature.maine.gov/legis/statutes/18-A/title18-Asec6-304.html
Published: 2015

§6-304. Registration in beneficiary form; applicable law






A security may be registered in beneficiary form if the form is authorized by this
or a similar statute of the state of organization of the issuer or registering entity,
the location of the registering entity's principal office, the office of its transfer
agent or its office making the registration, or by this or a similar statute of the
law of the state listed as the owner's address at the time of registration. 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. [1997, c. 627, §1 (NEW).]





SECTION HISTORY

1997, c. 627, §1 (NEW).
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