South Dakota Codified Laws 51A-5-3. Fiduciary authority of bank authorized by charter to exercise trust powers
Current as of: 2023 | Check for updates
|
Other versions
A bank authorized to exercise trust powers may act as fiduciary in any capacity, including, but without limitation, registrar or transfer agent, fiscal agent or attorney in fact, and as having the power to receive and apply sinking funds.
Terms Used In South Dakota Codified Laws 51A-5-3
- Fiduciary: A trustee, executor, or administrator.
Source: SL 1911, ch 255, § 17; RC 1919, § 9047; SDC 1939, § 6.0501 (1) to (4), (6); SDCL, §§ 51-7-4 to 51-7-8; SL 1969, ch 11, § 5.2; SL 1988, ch 377, § 111; SDCL, § 51-19-2.