South Dakota Codified Laws 58-7-38. Release of deposited assets–Terms–Nonliability of director acting in good faith
Current as of: 2023 | Check for updates
|
Other versions
No release of deposited assets and securities may be made except upon application to and the written order of the director and under the terms of the custodial or depository arrangement. The director is not personally liable for the release of any deposit made by him in good faith.
Terms Used In South Dakota Codified Laws 58-7-38
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- written: include typewriting and typewritten, printing and printed, except in the case of signatures, and where the words are used by way of contrast to typewriting and printing. See South Dakota Codified Laws 2-14-2
Source: SL 1966, ch 111, ch 7, § 14 (5); SL 1991, ch 398, § 19.