§31-4D-2. Registration in name of 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 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.