N.Y. Estates, Powers & Trusts Law § 13-4.3: Applicable law

§ 13-4.3 Applicable law

A security may be registered in beneficiary form if the form is

authorized by this or a similar law of the state of organization of the

issue or registering entity, the location of the registering entity's

principal office, the office of its transfer agent or its office making

the registration, or by this or a similar statute of the law of the

state listed as the owner's address at the time of registration. A

registration governed by the law of a jurisdiction in which this or a

similar law is not in force or was not in force when a registration in

beneficiary form was made is nevertheless presumed to be valid and

authorized as a matter of contract law.