South Dakota Codified Laws 47-16-33. Liability on securities wrongfully transferred–Notice
Current as of: 2023 | Check for updates
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A cooperative is not liable for acting upon wrongful transfers of its securities unless it has notice that the certificate was not transferred by a proper person or has notice that the transfer was wrongful.
Terms Used In South Dakota Codified Laws 47-16-33
- Person: includes natural persons, partnerships, associations, cooperative corporations, limited liability companies, and corporations. See South Dakota Codified Laws 2-14-2
Source: SDC 1939, § 11.1122 (1) as enacted by SL 1965, ch 23, § 1.