§ 33-18-24 - Transfer of corporate securities and mortgages by foreign fiduciary.
SECTION 33-18-24
§ 33-18-24 Transfer of corporatesecurities and mortgages by foreign fiduciary. – Any corporation organized under the laws of this state may, before havingactual notice of the pendency of an application in this state for letterstestamentary, of administration, or guardianship, permit the executor of thewill or administrator of the estate of a decedent who at the time of his or herdeath was not a resident in this state, or a guardian whose ward does notreside in this state, duly appointed, qualified, and authorized under the lawsof any other state, territory, or district of the United States, to transfer toany person shares of stock and registered bonds standing in the name of thedecedent or ward and to receive the dividends and interest thereon. Theexecutor of the will or administrator of the estate of a decedent who at thetime of his or her death was not a resident in this state, or a guardian whoseward does not reside in this state, duly appointed and qualified under the lawsof any other state, territory, or district of the United States shall have thepower to and may assign and transfer any mortgage debt, note, and mortgage,held by or belonging to the decedent or to the ward, upon any real estate orpersonal property located in this state, provided a duly authenticated copy ofthe certificate of the appointment of the executor, administrator, or guardian,and evidence that the appointment has not been revoked, are annexed to theassignment and transfer.