South Dakota Statutes
§ 55-1A-21 — Corporate powers--Stocks--Reorganizations and mergers--Sales and leases.
South Dakota § 55-1A-21
This text of South Dakota § 55-1A-21 (Corporate powers--Stocks--Reorganizations and mergers--Sales and leases.) 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 § 55-1A-21 (2026).
Text
A trustee may sell or exercise stock subscription or conversion rights; participate in foreclosures, reorganizations, consolidations, mergers or liquidations; and consent, directly or through a committee or other agent, to corporate sales, leases and encumbrances. In the exercise of such powers a trustee may, where he deems such course to be expedient, deposit stocks, bonds or other securities with any protective or other similar committee, under such terms and conditions respecting the deposit thereof as the trustee may approve.
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Legislative History
SL 1979, ch 336, § 21.
Nearby Sections
15
§ 55-1-2
Trusts classified.§ 55-1-20
Trusts for noncharitable purposes.§ 55-1-21.1
Termination of trust for care of animal.§ 55-1-21.11
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Bluebook (online)
South Dakota § 55-1A-21, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/55-1A-21.