<?xml version='1.0' encoding='utf-8'?>
<section article="get" article_name="Estates and Trusts" number="15-304" title_number="15" title_name="Fiduciaries" subtitle_number="3" subtitle_name="Maryland Uniform Act for the Simplification of Fiduciary Security Transfers">
  <level label="a">
    <text>A corporation or transfer agent making a transfer pursuant to an assignment by a fiduciary who is not the registered owner shall obtain the following evidence of appointment or incumbency:</text>
    <level label="1">
      <text>In the case of a fiduciary appointed or qualified by a court, a certificate issued by or under the direction or supervision of that court or an officer thereof and dated within 60 days before the transfer; or</text>
    </level>
    <level label="2">
      <text>In any other case, a copy of a document showing the appointment or a certificate issued by or on behalf of a person reasonably believed by the corporation or transfer agent to be responsible or, in the absence of such a document or certificate, other evidence reasonably deemed by the corporation or transfer agent to be appropriate.</text>
    </level>
  </level>
  <level label="b">
    <text>A corporation or transfer agent may adopt standards with respect to evidence of appointment or incumbency under subsection (a) of this section if the standards are not manifestly unreasonable.</text>
  </level>
  <level label="c">
    <text>Neither the corporation nor transfer agent is charged with notice of the contents of a document obtained pursuant to this section except to the extent that the contents relate directly to the appointment or incumbency.</text>
  </level>
</section>
