403.280. Evidence of appointment or incumbency. - Missouri Statutes

Evidence of appointment or incumbency.

403.280. A corporation or transfer agent making a transferpursuant to an assignment by a fiduciary who is not theregistered owner shall obtain the following evidence ofappointment or incumbency:

(1) In the case of a fiduciary appointed or qualified by acourt, a certificate issued by or under the direction orsupervision of that court or an officer thereof and dated withinsixty days before the transfer; or

(2) In any other case, a copy of a document showing theappointment or a certificate issued by or on behalf of a personreasonably believed by the corporation or transfer agent to beresponsible or, in the absence of such a document or certificate,other evidence reasonably deemed by the corporation or transferagent to be appropriate. Corporations and transfer agents mayadopt standards with respect to evidence of appointment orincumbency under this subdivision provided such standards are notmanifestly unreasonable. Neither the corporation nor transferagent is charged with notice of the contents of any documentobtained pursuant to this subdivision except to the extent thatthe contents relate directly to the appointment or incumbency.

(L. 1959 S.B. 241 § 4)