South Dakota § 55-8-1 Definition of terms.

South Dakota Statutes

§ 55-8-1 — Definition of terms.

South Dakota·Title 55 FIDUCIARIES AND TRUSTS·Ch. 55-8 REGISTRATION AND TRANSFER OF SECURITIES HELD BY FIDUCIARIES

In this chapter, unless the context otherwise requires:

(1)"Assignment" includes any written stock power, bond power, bill of sale, deed, declaration of trust, or other instrument of transfer.

(2)"Claim of beneficial interest" includes a claim of any interest by a decedent's legatee, distributee, heir, or creditor, a beneficiary under a trust, a ward, a beneficial owner of a security registered in the name of a nominee or a minor owner of a security registered in the name of a custodian, or a claim of any similar interest, whether the claim is asserted by the claimant or by a fiduciary or by any other authorized person on his behalf, and includes a claim that the transfer would be in breach of fiduciary duties.

(3)"Corporation" means a private or public corporation, association

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In this chapter, unless the context otherwise requires: (1) "Assignment" includes any written stock power, bond power, bill of sale, deed, declaration of trust, or other instrument of transfer. (2) "Claim of beneficial interest" includes a claim of any interest by a decedent's legatee, distributee, heir, or creditor, a beneficiary under a trust, a ward, a beneficial owner of a security registered in the name of a nominee or a minor owner of a security registered in the name of a custodian, or a claim of any similar interest, whether the claim is asserted by the claimant or by a fiduciary or by any other authorized person on his behalf, and includes a claim that the transfer would be in breach of fiduciary duties. (3) "Corporation" means a private or public corporation, association or trust issuing a security. (4) "Fiduciary" means a personal representative, trustee, guardian, committee, conservator, curator, tutor, custodian, or nominee. (5) "Person" includes an individual, a corporation, government or governmental subdivision or agency, business trust, estate, trust, partnership or association, two or more persons having a joint or common interest, or any other legal or commercial entity. (6) "Security" includes any share of stock, bond, debenture, note, or other security issued by a corporation which is registered as to ownership on the books of the corporation. (7) "Transfer" means a change on the books of a corporation in the registered ownership of a security. (8) "Transfer agent" means a person employed or authorized by a corporation to transfer securities issued by the corporation.

South Dakota § 55-8-1 (Definition of terms.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.