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·Title 51A BANKS AND BANKING·Ch. 51A-2 TRUST BUSINESS OF BANKS

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.

South Dakota § 51A-5-22 (Ownership of stock in clearing corporation not required for deposit of securities by fiduciary or custodian.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.