---
urn: urn:us-la:rs:9:3838
citation: "R.S. 9:3838"
status: active
breadcrumb: "Title 9 › Code Preliminary Title › Code Book III › Code Title XV › Chapter 2"
acts_citations:
  - { year: 1960, number: 444, section: 1, effective_date: null, role: enactment }
---

# Territorial application

A. The rights and duties of a corporation and its transfer agents in registering a security in the name of a fiduciary or in making a transfer of a security pursuant to an assignment by a fiduciary are governed by the law of the jurisdiction under whose laws the corporation is organized.

B. This Chapter applies to the rights and duties of a person other than the corporation and its transfer agents with regard to acts and omissions in Louisiana in connection with the acquisition, disposition, assignment or transfer of a security by or to a fiduciary and of a person who guarantees in Louisiana the signature of a fiduciary in connection with such a transaction.