South Dakota Statutes

§ 51A-5-21 — Deposit in clearing corporation of securities held as fiduciary or custodian.

South Dakota § 51A-5-21

JurisdictionSouth Dakota

Title 51ABANKS AND BANKING

Ch. 51A-2TRUST BUSINESS OF BANKS

This text of South Dakota § 51A-5-21 (Deposit in clearing corporation of securities held as fiduciary or custodian.) 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-5-21 (2026).

Text

Any fiduciary holding securities in its fiduciary capacity, any bank holding securities as a custodian or managing agent, and any bank holding securities as custodian for a fiduciary is authorized to deposit or arrange for the deposit of the securities in a clearing corporation as defined in subdivision 57A-8-102 (5).

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Legislative History

SL 1978, ch 357, § 1; SDCL § 51-19-10.1; SL 1995, ch 268, § 74; SL 1997, ch 272, § 12; SL 2015, ch 239, § 5; SL 2021, ch 203, § 5.

Nearby Sections

15

§ 51A-1-1

Applicability of provisions--Retention of capital structure by banks.

§ 51A-1-10

False entries--Obstruction of examination--Felonies.

§ 51A-1-11

False filing as misdemeanor.

§ 51A-1-12

Payment or indemnification of person for fine, penalty or judgment unlawful--Civil liability--Exceptions--Action to recover payments.

§ 51A-1-13

Misappropriation of funds or information by officer, director, or employee as felony.

§ 51A-1-14

Receipt, possession, or sale of misappropriated funds or information as felony.

§ 51A-1-15

Acknowledgments by officers or employees of banks validated.

§ 51A-1-16

Severability of provisions.

§ 51A-1-17

No duty to disclose information about customers--Exceptions.

§ 51A-1-18

Agreements or compacts with other jurisdictions--Administration--Filing--Availability.

§ 51A-1-19

Central bank digital currency--Public transaction prohibited.

§ 51A-1-2

Definition of terms.

§ 51A-1-20

Central bank digital currency--Private transaction--Alternative required.

§ 51A-1-3

Adverse claims against bank deposits, contents of safe deposit box or property in safekeeping.

§ 51A-1-4

Disqualification of officer, employee or director for violation--Civil liability.

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Bluebook (online)

South Dakota § 51A-5-21, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/51A-5-21.