Statutes, codes, and regulations
South Dakota Codified Laws
Title 55 - FIDUCIARIES AND TRUSTS
Chapter 8 - REGISTRATION AND TRANSFER OF SECURITIES HELD BY FIDUCIARIES
Section 55-8-14 - Liability of guarantor of signature of fiduciary

S.D. Codified Laws § 55-8-14

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Current through the 2024 Legislative Session
Section 55-8-14 - Liability of guarantor of signature of fiduciary

If a corporation or transfer agent makes a transfer pursuant to an assignment by a fiduciary, a person who guaranteed the signature of the fiduciary is not liable on the guarantee to any person to whom the corporation or transfer agent by reason of this chapter incurs no liability.

SDCL 55-8-14

SL 1961, ch 22, § 7 (2).