520.28 TERRITORIAL APPLICATION.
(a) 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) Sections
520.21 to
520.31 apply 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.
History: 1961 c 462 s 8