Kansas Statutes 17-4904. Registration in the name of a fiduciary
Current as of: 2023 | Check for updates
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Terms Used In Kansas Statutes 17-4904
- Corporation: means a private or public corporation, association or trust issuing a security. See Kansas Statutes 17-4903
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Fiduciary: means an executor, administrator, trustee, guardian, committee, conservator, curator, tutor, custodian, nominee, receiver, assignee for benefit of creditors, partner, agent, officer of a corporation, public or private, public officer, or any other person acting in a fiduciary capacity for any person, trust or estate. See Kansas Statutes 17-4903
- Fiduciary: A trustee, executor, or administrator.
- Person: includes an individual, a corporation, government or governmental subdivision or agency, business trust, estate, trust, partnership or association, two or more persons having a joint or common interest, or any other legal or commercial entity. See Kansas Statutes 17-4903
- Security: includes any share of stock, bond, debenture, note, or other security issued by a corporation which is registered as to ownership on the books of the corporation. See Kansas Statutes 17-4903
- Transfer: means a change on the books of a corporation in the registered ownership of a security. See Kansas Statutes 17-4903
- Transfer agent: means a person employed or authorized by a corporation to transfer securities issued by the corporation. See Kansas Statutes 17-4903
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 is not bound to inquire into the existence, extent, or correct description of the fiduciary relationship; and thereafter the corporation and its transfer agent 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 such with respect to the particular security.