South Dakota Statutes
§ 55-8-5 — Assignment of security by fiduciary--Assumption as to authority and capacity.
South Dakota § 55-8-5
JurisdictionSouth Dakota
Title 55FIDUCIARIES AND TRUSTS
Ch. 55-8REGISTRATION AND TRANSFER OF SECURITIES HELD BY FIDUCIARIES
This text of South Dakota § 55-8-5 (Assignment of security by fiduciary--Assumption as to authority and capacity.) 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 § 55-8-5 (2026).
Text
Except as otherwise provided in this chapter, a corporation or transfer agent making a transfer of a security pursuant to an assignment by a fiduciary may assume without inquiry that the assignment, even though to the fiduciary himself or to his nominee, is within his authority and capacity and is not in breach of his fiduciary duties.
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Legislative History
SL 1961, ch 22, § 3 (1).
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
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Bluebook (online)
South Dakota § 55-8-5, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/55-8-5.