A corporation or transfer agent incurs no liability to any person by making a transfer or otherwise acting in a manner authorized by this chapter. Source: SL 1961, ch 22 , § 6.
Nonliability of corporation or transfer agent for authorized acts
SDCL § 55-8-12 — under REGISTRATION AND TRANSFER OF SECURITIES HELD BY FIDUCIARIES.
SDCL § 55-8-12