68-602 CORPORATION'S DUTY TO INQUIRE INTO A TRANSFER. - Idaho Statutes

TITLE 68

TRUSTS AND FIDUCIARIES

CHAPTER 6

NOMINEE REGISTRATION ACT

68-602. Corporation’s duty to inquire into a transfer. 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.