Statutes, codes, and regulations
South Dakota Codified Laws
Title 51A - BANKS AND BANKING
Chapter 5 - TRUST BUSINESS OF BANKS
Section 51A-5-3 - Fiduciary authority of bank authorized by charter to exercise trust powers

S.D. Codified Laws § 51A-5-3

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Current through the 2024 Legislative Session
Section 51A-5-3 - Fiduciary authority of bank authorized by charter to exercise trust powers

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.

SDCL 51A-5-3

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.