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 , § 7 (3).
Corporation and transfer agent not liable for breach of fiduciary duty or on guarantee of fiduciary's signature
SDCL § 55-8-15 — under REGISTRATION AND TRANSFER OF SECURITIES HELD BY FIDUCIARIES.
SDCL § 55-8-15