This Act repeals Article 15 of Chapter 12 of Title 53, known as the "Uniform Act for Simplification of Fiduciary Security Transfers," including Code Section 53-12-320, relating to the short title; Code Section 53-12-321, relating to definitions; Code Section 53-12-322, relating to registration in the fiduciary's name, inquiry, and assumption of continued fiduciary capacity; Code Section 53-12-323, relating to transfer pursuant to assignment by the fiduciary and authorized assumptions; Code Section 53-12-324, relating to evidence of appointment or incumbency when the fiduciary is not the registered owner; Code Section 53-12-325, relating to claims adverse to transfer, written notice of claims, notice of presentation of security for transfer, time for transfer, and liability of corporation or transfer agency; Code Section 53-12-326, relating to nonliability of corporation and transfer agent; Code Section 53-12-327, relating to liability of participants in acquisition, disposition, assignment, or transfer of security; Code Section 53-12-328, relating to the effect of the article on tax obligations; Code Section 53-12-329, relating to applicability of the law of the jurisdiction where a corporation was organized and applicability of article; and Code Section 53-12-330, relating to uniformity of interpretation, and inserts in lieu thereof the following:

"ARTICLE 15 Reserved".