91-11-17 - Territorial application. - Mississippi Statutes

§ 91-11-17. Territorial application.
 

(1)  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. 

(2)  This chapter 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. 
 

Sources: Codes, 1942, § 5359-38; Laws,  1960, ch. 266, § 8, eff from and after passage (approved May 11, 1960).