Statutes, codes, and regulations
South Dakota Codified Laws
Title 47 - CORPORATIONS
Chapter 16 - COOPERATIVES-MEMBERSHIP, STOCK AND DISTRIBUTIONS
Section 47-16-33 - Liability on securities wrongfully transferred-Notice

S.D. Codified Laws § 47-16-33

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Current with legislation signed by the governor on or before 3/6/2024
Section 47-16-33 - Liability on securities wrongfully transferred-Notice

A cooperative is not liable for acting upon wrongful transfers of its securities unless it has notice that the certificate was not transferred by a proper person or has notice that the transfer was wrongful.

SDCL 47-16-33

SDC 1939, § 11.1122 (1) as enacted by SL 1965, ch 23, § 1.