Title 12 — Decedents’ Estates and Fiduciary Relations
35 chapters · 275 sections in this title.
12 Del. C. § 4301. Definitions.
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§ 4301. Definitions. In this chapter, unless the context otherwise requires: (1) “Assignment” includes any written stock power, bond power, bill of sale, deed, declaration of trust or other instrument of transfer. (2) “Claim of beneficial interest” includes a claim of any interes…
12 Del. C. § 4302. Registration in the name of a fiduciary.
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§ 4302. Registration in the name of a fiduciary. 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 relatio…
12 Del. C. § 4303. Assignment by a fiduciary.
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§ 4303. Assignment by a fiduciary. Except as otherwise provided in this chapter, a corporation or transfer agent making a transfer of a security pursuant to an assignment by a fiduciary: (1) May assume without inquiry that the assignment, even though to the fiduciary or to the fi…
12 Del. C. § 4304. Evidence of appointment or incumbency.
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§ 4304. Evidence of appointment or incumbency. 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: (1) In the case of a fiduciary appointed or …
12 Del. C. § 4305. Adverse claims.
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§ 4305. Adverse claims. (a) A person asserting a claim of beneficial interest adverse to the transfer of a security pursuant to an assignment by a fiduciary may give the corporation or transfer agent written notice of the claim. The corporation or transfer agent is not put on not…
12 Del. C. § 4306. Nonliability of corporation and transfer agent.
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§ 4306. Nonliability of corporation and transfer agent. A corporation or transfer agent incurs no liability to any person by making a transfer or otherwise acting in a manner authorized by this chapter.12 Del. C. 1953, § 4306; 54 Del. Laws, c. 141.;
12 Del. C. § 4307. Nonliability of third persons.
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§ 4307. Nonliability of third persons. (a) No person who participates in the acquisition, disposition, assignment or transfer of a security by or to a fiduciary including a person who guarantees the signature of the fiduciary is liable for participation in any breach of fiduciary…
12 Del. C. § 4308. Territorial application.
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§ 4308. 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 unde…
12 Del. C. § 4309. Tax obligations.
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§ 4309. Tax obligations. This chapter does not affect any obligation of a corporation or transfer agent with respect to estate, inheritance, succession or other taxes imposed by the laws of this State.12 Del. C. 1953, § 4309; 54 Del. Laws, c. 141.;
12 Del. C. § 4310. Uniformity of interpretation.
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§ 4310. Uniformity of interpretation. This chapter shall be so construed as to effectuate its general purpose to make uniform the law of those states which enact it.12 Del. C. 1953, § 4310; 54 Del. Laws, c. 141.;
12 Del. C. § 4311. Short title.
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§ 4311. Short title. This chapter may be cited as the “Uniform Act for Simplification of Fiduciary Security Transfers.”12 Del. C. 1953, § 4311; 54 Del. Laws, c. 141.;