§1711.2. Registration in beneficiary form; applicable law
A. A security may be registered in beneficiary form if the form is authorized by this
or a similar statute of the state of organization of the issuer or registering entity, the location
of the registering entity's principal office, the office of its transfer agent or its office making
the registration, or by this or a similar statute of the law of the state listed as the owner's
address at the time of registration. A registration governed by the law of a jurisdiction in
which this or similar legislation is not in force or was not in force when a registration in
beneficiary form was made is nevertheless presumed to be valid and authorized as a matter
of contract law.
B. The registration in beneficiary form shall be executed by the owner in authentic
form or an act under private signature executed in the presence of two persons.
Acts 2021, No. 167, §1, eff. Jan. 1, 2022.