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- Chapter 441. Fiduciary Security Transfers
- Uniform Act For the Simplification of Fiduciary Security Transfers
MCL 441.107 Fiduciary Security Transfers; Third Persons, Nonliability
| Library | Michigan Statutes |
| Edition | 2023 |
| Currency | Current through Public Act 321 of the 2023 Legislative Session |
| Year | 2023 |
| Citation | MCL 441.107 |
(a) No person who participates...
(b) If a corporation or transfer agent makes a transfer pursuant to an assignment by a fiduciary, a person who guaranteed the signature of the fiduciary is not liable on the guarantee to any person to whom the corporation or transfer agent by reason of this act incurs no liability.
(c) This section does not impose any liability upon the corporation or its transfer agent.
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