S.D. Codified Laws § 51A-5-21

Current through the 2024 Legislative Session

Section 51A-5-21 - Deposit in clearing corporation of securities held as fiduciary or custodian

Any fiduciary holding securities in its fiduciary capacity, any bank holding securities as a custodian or managing agent, and any bank holding securities as custodian for a fiduciary is authorized to deposit or arrange for the deposit of the securities in a clearing corporation as defined in subdivision 57A-8-102(5).

SDCL 51A-5-21

SL 1978, ch 357, § 1; SDCL § 51-19-10.1; SL 1995, ch 268, § 74; SL 1997, ch 272, § 12; SL 2015, ch 239, § 5; SL 2021, ch 203, §5.

Amended by S.L. 2021, ch. 203,s. 5, eff. 7/1/2021.

Amended by S.L. 2015, ch. 239,s. 5, eff. 7/1/2015.