South Dakota Codified Laws 55-1A-20. Payment of calls, assessments, and other sums charged against corporate securities
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A trustee may pay calls, assessments, and any other sums chargeable or accruing against or on account of shares of stock, bonds, debentures, or other corporate securities held in trust.
Terms Used In South Dakota Codified Laws 55-1A-20
- Trustee: A person or institution holding and administering property in trust.
Source: SL 1979, ch 336, § 20.