There is a newer version of the South Dakota Codified Laws
2014 South Dakota Codified Laws
Title 47 - CORPORATIONS
Chapter 16 - Cooperatives--Membership, Stock And Distributions
§ 47-16-33 Liability on securities wrongfully transferred--Notice.
SD Codified L § 47-16-33 (2014) What's This?
47-16-33. Liability on securities wrongfully transferred--Notice. A cooperative is not liable for acting upon wrongful transfers of its securities unless it has notice that the certificate was not transferred by a proper person or has notice that the transfer was wrongful.
Source: SDC 1939, § 11.1122 (1) as enacted by SL 1965, ch 23, § 1.
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