Minnesota Legislature
Office of the Revisor of Statutes
2006 Minnesota Statutes
This is an historical version of this statute chapter. Also view the most recent published version.
520.22 REGISTRATION IN THE NAME OF A FIDUCIARY.
A corporation or transfer agent registering a security in the name of a person who is a
fiduciary or who is described as a fiduciary is not bound to inquire into the existence, extent, or
correct description of the fiduciary relationship; and thereafter the corporation and its transfer
agent may assume without inquiry that the newly registered owner continues to be the fiduciary
until the corporation or transfer agent receives written notice that the fiduciary is not longer acting
as such with respect to the particular security.
History: 1961 c 462 s 2
A corporation or transfer agent registering a security in the name of a person who is a
fiduciary or who is described as a fiduciary is not bound to inquire into the existence, extent, or
correct description of the fiduciary relationship; and thereafter the corporation and its transfer
agent may assume without inquiry that the newly registered owner continues to be the fiduciary
until the corporation or transfer agent receives written notice that the fiduciary is not longer acting
as such with respect to the particular security.
History: 1961 c 462 s 2
Official Publication of the State of Minnesota
Revisor of Statutes