State Codes and Statutes

Statutes > South-dakota > Title-55 > Chapter-04 > Statute-55-4-6

55-4-6. Voting of corporate stock owned by trustee. A trustee owning corporate stock may vote it by proxy, but shall be liable for any loss resulting to the beneficiaries from a failure to use reasonable care in deciding how to vote the stock and in voting it.

Source: SL 1943, ch 308, § 8; SDC Supp 1960, § 59.0508.

State Codes and Statutes

Statutes > South-dakota > Title-55 > Chapter-04 > Statute-55-4-6

55-4-6. Voting of corporate stock owned by trustee. A trustee owning corporate stock may vote it by proxy, but shall be liable for any loss resulting to the beneficiaries from a failure to use reasonable care in deciding how to vote the stock and in voting it.

Source: SL 1943, ch 308, § 8; SDC Supp 1960, § 59.0508.