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Statutes > South Dakota Laws > Title 55 - FIDUCIARIES AND TRUSTS > Chapter 01A - Trustees' Powers Granted By Reference > Section 55-1A-22 - Holding stock in nominee's name without disclosing fiduciary relationship.

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SOUTH DAKOTA STATUTES AND CODES

Section 55-1A-22 - Holding stock in nominee's name without disclosing fiduciary relationship.

55-1A-22. Holding stock in nominee's name without disclosing fiduciary relationship. A trustee may hold any stock or other security in the name of a nominee or nominees, without disclosure of any fiduciary relationship, but he shall be liable for any and all acts and omissions of the nominee relating to such assets.

Source: SL 1979, ch 336, § 22.

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