Document Type
Case Summary
Publication Date
10-2-2014
Case Synopsis
The Court determined that (1) Nevada statutory law partially abrogates common law by making a stock transfer agent’s duty the same as the issuer’s in processing a request to register a transfer of securities; and (2) a transfer agent’s statutory duty to process legend removal requests does not arise without the stockholder’s request to act.
Additionally, the Court reaffirmed the liability of a transfer agent to a stockholder for common law claims asserting misfeasance.
Recommended Citation
Lancaster, Chelsea, "Summary of Guilfoyle v. Olde Monmouth Stock Transfer Co., 130 Nev. Adv. Op. 78" (2014). Nevada Supreme Court Summaries. 821.
https://scholars.law.unlv.edu/nvscs/821