South Dakota § 49-33-27 Liability of stockholders--Stock held by fiduciary or as collateral security.

South Dakota Statutes

§ 49-33-27 — Liability of stockholders--Stock held by fiduciary or as collateral security.

South Dakota § 49-33-27

Title 49PUBLIC UTILITIES AND CARRIERS

Ch. 49-32AELECTRIC, STREET RAILWAY AND GAS CORPORATIONS

This text of South Dakota § 49-33-27 (Liability of stockholders--Stock held by fiduciary or as collateral security.) 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 § 49-33-27 (2026).

Text

No person holding stock in any corporation organized under this chapter as personal representative, conservator, or trustee, and no person holding such stock as collateral security, is liable as stockholder of such corporation for any calls or installments on any partially paid-up stock thereof; but the person pledging such stock shall be considered as holding the same and is liable as a stockholder accordingly; and the estate and funds in the hands of such personal representative, conservator, or trustee is liable to the same extent as the decedent, ward, or other person interested would have been, if living or competent to act and holding stock in his own name.

Free access — add to your briefcase to read the full text and ask questions with AI

No person holding stock in any corporation organized under this chapter as personal representative, conservator, or trustee, and no person holding such stock as collateral security, is liable as stockholder of such corporation for any calls or installments on any partially paid-up stock thereof; but the person pledging such stock shall be considered as holding the same and is liable as a stockholder accordingly; and the estate and funds in the hands of such personal representative, conservator, or trustee is liable to the same extent as the decedent, ward, or other person interested would have been, if living or competent to act and holding stock in his own name.