Statutes, codes, and regulations
South Dakota Codified Laws
Title 55 - FIDUCIARIES AND TRUSTS
Chapter 8 - REGISTRATION AND TRANSFER OF SECURITIES HELD BY FIDUCIARIES
Section 55-8-6 - Assignment of security by fiduciary-Compliance with controlling instrument and law governing fiduciary relationship assumed

S.D. Codified Laws § 55-8-6

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Current through the 2024 Legislative Session
Section 55-8-6 - Assignment of security by fiduciary-Compliance with controlling instrument and law governing fiduciary relationship assumed

Except as otherwise provided in this chapter, a corporation or transfer agent making a transfer of a security pursuant to an assignment by a fiduciary may assume without inquiry that the fiduciary has complied with any controlling instrument and with the law of the jurisdiction governing the fiduciary relationship, including any law requiring the fiduciary to obtain court approval of the transfer.

SDCL 55-8-6

SL 1961, ch 22, § 3 (2).