Statutes, codes, and regulations
South Dakota Codified Laws
Title 55 - FIDUCIARIES AND TRUSTS
Chapter 1A - TRUSTEES' POWERS
Section 55-1A-22 - Holding stock in nominee's name without disclosing fiduciary relationship

S.D. Codified Laws § 55-1A-22

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Current through the 2024 Legislative Session
Section 55-1A-22 - Holding stock in nominee's name without disclosing fiduciary relationship

A trustee may hold any stock or other security in the name of a nominee or nominees, without disclosure of any fiduciary relationship, but he shall be liable for any and all acts and omissions of the nominee relating to such assets.

SDCL 55-1A-22

SL 1979, ch 336, § 22.