South Dakota Statutes
§ 49-33-27 — Liability of stockholders--Stock held by fiduciary or as collateral security.
South Dakota·Title 49 PUBLIC UTILITIES AND CARRIERS·Ch. 49-32A ELECTRIC, STREET RAILWAY AND GAS CORPORATIONS
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.
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South Dakota § 49-33-27 (Liability of stockholders--Stock held by fiduciary or as collateral security.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
SDC 1939, § 52.1507; SL 1993, ch 213, § 248; SL 1995, ch 167, § 188.
Nearby Sections
15
§ 49-1-1
Repealed§ 49-1-10
Hearings before commission--Oaths.§ 49-1-11
Rules of commission.§ 49-1-13
Annual report to Governor--Contents.§ 49-1-13.1
Repealed§ 49-1-16
Duties of state's attorneys.§ 49-1-17
Repealed§ 49-1-19
Appeals from commission.