South Dakota Statutes
§ 55-8-7 — Assignment of security by fiduciary--Corporation or transfer agent not charged with notice of records or documents.
South Dakota·Title 55 FIDUCIARIES AND TRUSTS·Ch. 55-8 REGISTRATION AND TRANSFER OF SECURITIES HELD BY FIDUCIARIES
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 is not charged with notice of and is not bound to obtain or examine any court record or any recorded or unrecorded document relating to the fiduciary relationship or the assignment, even though the record or document is in its possession.
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South Dakota § 55-8-7 (Assignment of security by fiduciary--Corporation or transfer agent not charged with notice of records or documents.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
SL 1961, ch 22, § 3 (3).
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