S.D. Codified Laws § 55-4-6

Current through the 2024 Legislative Session

Section 55-4-6 - Voting of corporate stock owned by trustee

A trustee owning corporate stock may vote it by proxy, but shall be liable for any loss resulting to the beneficiaries from a failure to use reasonable care in deciding how to vote the stock and in voting it.

SDCL 55-4-6

SL 1943, ch 308, § 8; SDC Supp 1960, § 59.0508.