Section 51A-5-21 - Deposit in clearing corporation of securities held as fiduciary or custodian. - South-dakota Statutes

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51A-5-21. Deposit in clearing corporation of securities held as fiduciary or custodian. Any fiduciary holding securities in its fiduciary capacity, any bank or trust company holding securities as a custodian or managing agent, and any bank or trust company holding securities as custodian for a fiduciary is authorized to deposit or arrange for the deposit of the securities in a clearing corporation, as defined in subdivision 57A-8-102(3).

Source: SL 1978, ch 357, § 1; SDCL, § 51-19-10.1; SL 1995, ch 268, § 74; SL 1997, ch 272, § 12.

State Codes and Statutes

Statutes > South-dakota > Title-51a > Chapter-05 > Statute-51a-5-21

51A-5-21. Deposit in clearing corporation of securities held as fiduciary or custodian. Any fiduciary holding securities in its fiduciary capacity, any bank or trust company holding securities as a custodian or managing agent, and any bank or trust company holding securities as custodian for a fiduciary is authorized to deposit or arrange for the deposit of the securities in a clearing corporation, as defined in subdivision 57A-8-102(3).

Source: SL 1978, ch 357, § 1; SDCL, § 51-19-10.1; SL 1995, ch 268, § 74; SL 1997, ch 272, § 12.

State Codes and Statutes

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State Codes and Statutes

Statutes > South-dakota > Title-51a > Chapter-05 > Statute-51a-5-21

51A-5-21. Deposit in clearing corporation of securities held as fiduciary or custodian. Any fiduciary holding securities in its fiduciary capacity, any bank or trust company holding securities as a custodian or managing agent, and any bank or trust company holding securities as custodian for a fiduciary is authorized to deposit or arrange for the deposit of the securities in a clearing corporation, as defined in subdivision 57A-8-102(3).

Source: SL 1978, ch 357, § 1; SDCL, § 51-19-10.1; SL 1995, ch 268, § 74; SL 1997, ch 272, § 12.