§ 15–302
Statutes in effect as of October 1, 2026.
Md. Code Ann., Est. & Trusts § 15-302 (2026)
Title 15. Fiduciaries
Subtitle 3. Maryland Uniform Act for the Simplification of Fiduciary Security Transfers
§ 15–302LinkCopy Citation
A corporation or transfer agent registering a security in the name of a person who is a fiduciary or who is described as a fiduciary:
(1)
Is not bound to inquire into the existence, extent, or correct description of the fiduciary relationship; and
(2)
May assume without inquiry that the newly registered owner continues to be the fiduciary until the corporation or transfer agent receives written notice that the fiduciary is no longer acting as the fiduciary with respect to the particular security.