Nevada § 162.220 - Nonliability of third person

§ 162.220. Nonliability of third person

1. No person who participates in the acquisition, disposition, assignment or transfer

of a security by or to a fiduciary, including a person who guarantees the signature

of the fiduciary, is liable for participation in any breach of fiduciary duty by reason

of failure to inquire whether the transaction involves such a breach unless it is

shown that the person acted with actual knowledge that the proceeds of the transaction

were being or were to be used wrongfully for the individual benefit of the fiduciary

or that the transaction was otherwise in breach of duty. 2. If a corporation or transfer agent makes a transfer pursuant to an assignment by

a fiduciary, a person who guaranteed the signature of the fiduciary is not liable

on the guarantee to any person to whom the corporation or transfer agent by reason

of the provisions of NRS 162.150 to 162.250 , inclusive, incurs no liability. 3. This section does not impose any liability upon the corporation or its transfer

agent.