Section 15-308 - Territorial application. - Maryland Statutes

§ 15-308. Territorial application.
 

(a)  Law governing rights and duties of corporation and transfer agent.- The rights and duties of a corporation and its 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. 

(b)  Application to rights and duties of other persons.- This subtitle 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. 
 

[An. Code 1957, art. 37A, § 22; 1974, ch. 11, § 2.]