South Dakota § 51A-5-22 Ownership of stock in clearing corporation not required for deposit of securities by fiduciary or custodian.

South Dakota Statutes

§ 51A-5-22 — Ownership of stock in clearing corporation not required for deposit of securities by fiduciary or custodian.

South Dakota § 51A-5-22

Title 51ABANKS AND BANKING

Ch. 51A-2TRUST BUSINESS OF BANKS

This text of South Dakota § 51A-5-22 (Ownership of stock in clearing corporation not required for deposit of securities by 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-5-22 (2026).

Text

Sections 51A-5-21 to 51A-5-24 , inclusive, apply to any fiduciary holding securities in its fiduciary capacity, and to any bank holding securities as a custodian, managing agent or custodian for a fiduciary, regardless of the date of the agreement, instrument, or court order by which it is appointed and regardless of whether or not the fiduciary, custodian, managing agent, or custodian for a fiduciary owns capital stock of the clearing corporation.

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Sections 51A-5-21 to 51A-5-24 , inclusive, apply to any fiduciary holding securities in its fiduciary capacity, and to any bank holding securities as a custodian, managing agent or custodian for a fiduciary, regardless of the date of the agreement, instrument, or court order by which it is appointed and regardless of whether or not the fiduciary, custodian, managing agent, or custodian for a fiduciary owns capital stock of the clearing corporation.