South Dakota § 47-16-34 Definition of transfers and transferors.

South Dakota Statutes

§ 47-16-34 — Definition of transfers and transferors.

South Dakota § 47-16-34

Title 47CORPORATIONS

Ch. 47-14BCOOPERATIVES--MEMBERSHIP, STOCK AND DISTRIBUTIONS

This text of South Dakota § 47-16-34 (Definition of transfers and transferors.) is published on Counsel Stack Legal Research, covering South Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

S.D. Codified Laws § 47-16-34 (2026).

Text

As used in § 47-16-33 :

(1)"Proper person" means the registered owner or last prior transferee, whether or not described as fiduciary for another, or his authorized agent, legal representative, or successor to his interest by operation of law;

(2)"Transfer" includes a redemption or recall of stock;

(3)"Wrongful transfer" means a transfer which is in excess of the authorization or capacity of the transferor, or which is made in breach of the transferor's fiduciary duty.

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As used in § 47-16-33 : (1) "Proper person" means the registered owner or last prior transferee, whether or not described as fiduciary for another, or his authorized agent, legal representative, or successor to his interest by operation of law; (2) "Transfer" includes a redemption or recall of stock; (3) "Wrongful transfer" means a transfer which is in excess of the authorization or capacity of the transferor, or which is made in breach of the transferor's fiduciary duty.