South Dakota Statutes
§ 51A-5-16 — Custodian to certify deposited securities to fiduciary--Duty of fiduciary.
South Dakota § 51A-5-16
This text of South Dakota § 51A-5-16 (Custodian to certify deposited securities to fiduciary--Duty of fiduciary.) 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 § 51A-5-16 (2026).
Text
A bank acting as custodian for a fiduciary shall, on demand by the fiduciary, certify in writing to the fiduciary the securities so deposited by the bank with the federal reserve bank for the account of the fiduciary. A fiduciary shall, on demand by any party to which it must account or on demand by the attorney for the party, certify in writing to the party the securities deposited by the fiduciary with the federal reserve bank for its account as the fiduciary.
Free access — add to your briefcase to read the full text and ask questions with AI
Legislative History
SDCL, § 51-19-7 as added by SL 1975, ch 292, § 1; SDCL, § 51-19-7.3; SL 1995, ch 268, § 73; SL 1997, ch 272, § 11; SL 2021, ch 203, § 4.
Nearby Sections
15
Cite This Page — Counsel Stack
Bluebook (online)
South Dakota § 51A-5-16, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/51A-5-16.