11-55-108. Trust or fiduciary relationship between issuer and holder

11-55-108. Trust or fiduciary relationship between issuer and holder. Any trust or fiduciary relationship between the issuer of any public security and the holder thereof, regarding the principal of or interest on such security, shall be conclusively presumed to have been repudiated on the maturity date of such security unless the same is presented for payment before the expiration of the applicable limitation period set forth in sections 11-55-107 to 11-55-110.