South Dakota Statutes
§ 55-4-15 — Corporate trustee buying its own stock.
South Dakota § 55-4-15
This text of South Dakota § 55-4-15 (Corporate trustee buying its own stock.) 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 § 55-4-15 (2026).
Text
No corporate trustee, unless expressly authorized by the trust instrument, may purchase for a trust shares of its own stock, or its bonds, or other securities, or the stock, bonds, or other securities of an affiliate.
Free access — add to your briefcase to read the full text and ask questions with AI
Legislative History
SL 1943, ch 308, § 7; SDC Supp 1960, § 59.0507; SL 2006, ch 243, § 4.
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
Co-enforcer appointment--Powers.Cite This Page — Counsel Stack
Bluebook (online)
South Dakota § 55-4-15, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/55-4-15.