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20 chapters · 460 sections in this title.
SDCL § 51A-5-2 Bank as trustee or custodian for retirement benefit plans
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Pursuant to rules of the commission and the terms of Public Law 93-406, the Employees Retirement Income Security Act of 1974 and the Self - employed Individuals Tax Retirement Act of 1962, a bank may act as trustee or custodian for individual retirement accounts, HR 10 Keogh acco…
SDCL § 51A-5-20 Nominees used by bank acting as fiduciary or cofiduciary
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Any bank, when acting as a fiduciary or a cofiduciary with others, or as an agent for other fiduciaries, may, with the consent of its cofiduciary or cofiduciaries, if any, who are hereby authorized to give such consent, or the fiduciaries for whom it is acting, cause any investme…
SDCL § 51A-5-21 Deposit in clearing corporation of securities held as fiduciary or custodian
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Any fiduciary holding securities in its fiduciary capacity, any bank holding securities as a custodian or managing agent, and any bank holding securities as custodian for a fiduciary is authorized to deposit or arrange for the deposit of the securities in a clearing corporation a…
SDCL § 51A-5-22 Ownership of stock in clearing corporation not required for deposit of securities by fiduciary or custodian
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Sections 51A-5-21 to 51A-5-24 , inclusive, apply to any fiduciary holding securities in its fiduciary capacity, and to any bank holding securities as a custodian, managing agent or custodian for a fiduciary, regardless of the date of the agreement, instrument, or court order by w…
