South Dakota § 55-8-7 - Assignment of security by fiduciary--Corporation or transfer agent not charged with notice of records or documents.
Full text of South Dakota South Dakota Codified Laws § 55-8-7 — Assignment of security by fiduciary--Corporation or transfer agent not charged with notice of records or documents., with citation guidance and answers to common questions.
§ 55-8-7. Assignment of security by fiduciary--Corporation or transfer agent not charged with notice of records or documents.
Except as otherwise provided in this chapter, a corporation or transfer agent making a transfer of a security pursuant to an assignment by a fiduciary is not charged with notice of and is not bound to obtain or examine any court record or any recorded or unrecorded document relating to the fiduciary relationship or the assignment, even though the record or document is in its possession.
Source: SL 1961, ch 22, § 3 (3).
Source: official South Dakota text · Last verified 2026-08-27
Frequently Asked Questions About South Dakota § 55-8-7
What does South Dakota Codified Laws § 55-8-7 cover?
Section 55-8-7 ("Assignment of security by fiduciary--Corporation or transfer agent not charged with notice of records or documents.") is part of the South Dakota Codified Laws, the codified statutory law of South Dakota. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite South Dakota § 55-8-7?
A common citation format is "South Dakota Codified Laws § 55-8-7" (South Dakota). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of South Dakota law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the South Dakota official source linked on this page or consult a licensed South Dakota attorney.
How does South Dakota § 55-8-7 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in South Dakota can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in South Dakota.