South Dakota Codified Laws 51A-5-12. Voting of bank shares by cotrustee
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Shares of its own stock held by a bank and one or more persons as trustees may be voted on by such other person or persons, as trustees, in the same manner as if he or they were the sole trustee.
Terms Used In South Dakota Codified Laws 51A-5-12
- Person: includes natural persons, partnerships, associations, cooperative corporations, limited liability companies, and corporations. See South Dakota Codified Laws 2-14-2
- Trustee: A person or institution holding and administering property in trust.
Source: SL 1970, ch 265, § 39; SDCL, § 51-19-6.1.