FIDUCIARIES 1639

1929, ch. 572, sec. 10.

10. (Act Not Retroactive.) The provisions of this Article shall not
apply to transactions taking place prior to the time when it takes effect.

1929, ch. 572, sec. 11.

11. (Cases Not Provided for in Article.) In any case not provided for
in this Article the rules of law and equity, including the law merchant
and those rules of law and equity relating to trusts, agency, negotiable in-
struments and banking, shall continue to apply.

1929, ch. 572, sec: 12. 1937, ch. 145, sec. 12.

12. (Uniformity of Interpretation.) The Uniform Fiduciaries Act
(as described in Section 13 of this Article) shall be so interpreted and
construed as to effectuate its general purpose to make uniform the law of
those states which adopt it.

1929, ch. 572, sec. 13. 1937, ch. 145, sec. 13.

13. (Short Title.) This and the twelve preceding sections of this
Article may be cited as the Uniform Fiduciaries Act.¹

1937, ch. 145, sec. 14.

14. (Deposits by Fiduciaries Under Reorganization Agreements.) (1)
For the purposes of this section the following definitions, in addition to
those contained in Section 1 of this Article, shall apply:

(a) The term "reorganization agreement" includes any deposit agree-
ment, protective agreement for the protection of holders of any class or
classes of securities (as defined in paragraph (c) of this sub-section) or
similar agreement or instrument which embodies any plan of reorganization
(as defined in paragraph (d) of this sub-section) or which provides for
or permits the formulation or carrying out (or both) of a plan of reor-
ganization.

(b) The term "committee" includes any reorganization or protective
committee formed for the purpose of formulating, proposing and/or carry-
ing out any plan of reorganization (as defined in paragraph (d) of this
sub-section) and/or to act in any other manner for the protection of the
interests of the holders of any class or classes of securities (as defined
in paragraph (c) of this sub-section), or persons performing a similar
function, and any corporation formed or acting for any such purpose.

(c) The term "securities" includes any shares of stock, warrants, bonds,
debentures, notes or other obligations or instruments commonly known as
securities issued, or guaranteed as to principal or interest or both, by any
corporation, public or private, or by any company, association or business
trust, or certificates of deposit for any of the same.

(d) The term "plan of reorganization" includes any plan for the re-
organization of any corporation, public or private, or of any company,
association or business trust, and any plan of adjustment, readjustment,
refunding, refinancing or recapitalization affecting any securities (as
defined in the preceding paragraph (c) of this sub-section), whether such
plan be proposed or submitted in or in connection with any proceedings
under the jurisdiction of any court or not.

¹ Sec. 14, ch. 572, of the acts of 1929, repealed all laws inconsistent therewith.