75-6-304 - Registration in beneficiary form -- Applicable law. - Utah Statutes

75-6-304. Registration in beneficiary form -- Applicable law.
A security may be registered in beneficiary form if the form is authorized by this or asimilar statute of the state of organization of the issuer or registering entity, the location of theregistering entity's principal office, the office of its transfer agent or its office making theregistration, or by this or similar statute of the law of the state listed as the owner's address at thetime of registration. A registration governed by the law of a jurisdiction in which this or similarlegislation is not in force or was not in force when a registration in beneficiary form was made isnevertheless presumed to be valid and authorized as a matter of contract law.

Enacted by Chapter 9, 1995 General Session