55-8-15. Corporation and transfer agent not liable for breach of fiduciary duty or on guarantee of fiduciary's signature.
Sections 55-8-13 and 55-8-14 do not impose any liability upon the corporation or its transfer agent.
Source: SL 1961, ch 22, ยง7 (3).
Structure South Dakota Codified Laws
Title 55 - Fiduciaries and Trusts
Chapter 08 - Registration And Transfer Of Securities Held By Fiduciaries
Section 55-8-1 - Definition of terms.
Section 55-8-2 - Rights and duties of corporation and transfer agent--Law governing.
Section 55-8-3 - Application of chapter.
Section 55-8-4 - Registration of security in name of fiduciary.
Section 55-8-5 - Assignment of security by fiduciary--Assumption as to authority and capacity.
Section 55-8-11 - Liability of corporation or transfer agent for making or refusing transfer.
Section 55-8-12 - Nonliability of corporation or transfer agent for authorized acts.
Section 55-8-13 - Participation in breach of fiduciary duty--Nonliability of third persons.
Section 55-8-14 - Liability of guarantor of signature of fiduciary.
Section 55-8-16 - Tax obligations of corporation or transfer agent not affected by chapter.