South Dakota § 55-8-4 Registration of security in name of fiduciary.

South Dakota Statutes

§ 55-8-4 — Registration of security in name of fiduciary.

South Dakota § 55-8-4

Title 55FIDUCIARIES AND TRUSTS

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

This text of South Dakota § 55-8-4 (Registration of security in name of fiduciary.) 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 § 55-8-4 (2026).

Text

A corporation or transfer agent registering a security in the name of a person who is a fiduciary or who is described as a fiduciary is not bound to inquire into the existence, extent, or correct description of the fiduciary relationship; and thereafter the corporation and its transfer agent may assume without inquiry that the newly registered owner continues to be the fiduciary until the corporation or transfer agent receives written notice that the fiduciary is no longer acting as such with respect to the particular security.

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A corporation or transfer agent registering a security in the name of a person who is a fiduciary or who is described as a fiduciary is not bound to inquire into the existence, extent, or correct description of the fiduciary relationship; and thereafter the corporation and its transfer agent may assume without inquiry that the newly registered owner continues to be the fiduciary until the corporation or transfer agent receives written notice that the fiduciary is no longer acting as such with respect to the particular security.