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 § 55-8-10

Title 55FIDUCIARIES AND TRUSTS

Ch. 55-8REGISTRATION AND TRANSFER OF SECURITIES HELD BY FIDUCIARIES

This text of South Dakota § 55-8-10 (Claim of beneficial interest adverse to transfer of security--Notice of presentment to claimant--Restraining order.) 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 § 55-8-10 (2026).

Text

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.

Free access — add to your briefcase to read the full text and ask questions with AI

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.