South Dakota § 55-8-10 Claim of beneficial interest adverse to transfer of security--Notice of presentment to claimant--Restraining order.

South Dakota Statutes

§ 55-8-10 — Claim of beneficial interest adverse to transfer of security--Notice of presentment to claimant--Restraining order.

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

As soon as practicable after the presentation of a security for transfer pursuant to an assignment by a fiduciary, a corporation or transfer agent which has received notice of a claim of beneficial interest adverse to the transfer may send notice of the presentation by registered or certified mail to the claimant at the address given by him. If the corporation or transfer agent so mails such a notice it shall withhold the transfer for thirty days after the mailing and shall then make the transfer unless restrained by a court order.

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As soon as practicable after the presentation of a security for transfer pursuant to an assignment by a fiduciary, a corporation or transfer agent which has received notice of a claim of beneficial interest adverse to the transfer may send notice of the presentation by registered or certified mail to the claimant at the address given by him. If the corporation or transfer agent so mails such a notice it shall withhold the transfer for thirty days after the mailing and shall then make the transfer unless restrained by a court order.

South Dakota § 55-8-10 (Claim of beneficial interest adverse to transfer of security--Notice of presentment to claimant--Restraining order.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.