(760 ILCS 70/2) (from Ch. 32, par. 439.51)
Sec. 2.
Assignment
to a fiduciary.
A corporation making a transfer of a security upon assignment by the
registered owner to a person described as a fiduciary in the assignment or
known by the corporation to be a fiduciary is not bound to inquire into the
existence, extent, or correct description of the fiduciary relationship,
and thereafter, until the corporation receives written notice to the
contrary, it may assume without inquiry that the registered owner continues
to be the fiduciary.
(Source: Laws 1957, p. 247.)
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