Illinois Code § 760 ILCS 70/6

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The rights and duties of a corporation 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.

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

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