South Dakota Statutes
§ 55-1A-21 — Corporate powers--Stocks--Reorganizations and mergers--Sales and leases.
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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South Dakota § 55-1A-21 (Corporate powers--Stocks--Reorganizations and mergers--Sales and leases.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
SL 1979, ch 336, § 21.
Nearby Sections
15
§ 55-1-2
Trusts classified.§ 55-1-20
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