Nevada Code § 162.220

Nonliability of third person
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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.

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