There is a newer version of the South Dakota Codified Laws
2006 South Dakota Code - 29A-6-301 — Definitions.
29A-6-301. Definitions. In this part:
(1) "Beneficiary form," means a
registration of a security which indicates the present owner of the
security and the intention of the owner regarding the person who
will become the owner of the security upon the death of the
owner;
(2) "Register," including its derivatives,
means to issue a certificate showing the ownership of a
certificated security or, in the case of an uncertificated
security, to initiate or transfer an account showing ownership of
securities;
(3) "Registering entity," means a person
who originates or transfers a security title by registration, and
includes a broker maintaining security accounts for customers and a
transfer agent or other person acting for or as an issuer of
securities;
(4) "Security," means a share,
participation, or other interest in property, in a business, or in
an obligation of an enterprise or other issuer, and includes a
certificated security, an uncertificated security, and a security
account;
(5) "Security account," means (i) a
reinvestment account associated with a security, a securities
account with a broker, a cash balance in a brokerage account, cash,
cash equivalents, interest, earnings, or dividends earned or
declared on a security in an account, a reinvestment account, or a
brokerage account, whether or not credited to the account before
the owner's death; (ii) an investment management or custody account
with a trust company or a trust division of a bank with trust
powers, including the securities in the account, a cash balance in
the account, and cash, cash equivalents, interest, earnings, or
dividends earned or declared on the security in the account,
whether or not credited to the account before the owner's death; or
(iii) a cash balance or other property held for or due to the owner
of a security as a replacement for or product of an account
security, whether or not credited to the account before the owner's
death.
Source: SL 1995, ch 168, § 6-301; SL 2004, ch 189, § 1.
Source: SL 1995, ch 168, § 6-301; SL 2004, ch 189, § 1.
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