South Dakota 08 — Investment Securities
- 57A-8-101 — Short title.
- 57A-8-102 — Definitions.
- 57A-8-103 — Rules for determining whether certain obligations and interests aresecurities or financial assets.
- 57A-8-104 — Acquisition of security or financial asset or interest therein.
- 57A-8-105 — Notice of adverse claim.
- 57A-8-106 — Control.
- 57A-8-107 — Whether endorsement, instruction, or entitlement order is effective.
- 57A-8-108 — Warranties in direct holding.
- 57A-8-109 — Warranties in indirect holding.
- 57A-8-110 — Applicability--Choice of law.
- 57A-8-111 — Clearing corporation rules.
- 57A-8-112 — Creditor's legal process.
- 57A-8-113 — Statute of frauds inapplicable.
- 57A-8-114 — Evidentiary rules concerning certificated securities.
- 57A-8-115 — Securities intermediary and others not liable to adverse claimant.
- 57A-8-116 — Securities intermediary as purchaser for value.PART 2. ISSUE AND ISSUER.
- 57A-8-201 — Issuer.
- 57A-8-202 — Issuer's responsibility and defenses; notice of defect or defense.
- 57A-8-203 — Staleness as notice of defect or defense.
- 57A-8-204 — Effect of issuer's restriction on transfer.
- 57A-8-205 — Effect of unauthorized signature on security certificate.
- 57A-8-206 — Completion or alteration of security certificate.
- 57A-8-207 — Rights and duties of issuer with respect to registered owners.
- 57A-8-208 — Effect of signature of authenticating trustee, registrar, or transfer agent.
- 57A-8-209 — Issuer's lien.
- 57A-8-210 — Overissue.PART 3. TRANSFER OF CERTIFICATED AND UNCERTIFICATED SECURITIES.
- 57A-8-301 — Delivery.
- 57A-8-302 — Rights of purchaser.
- 57A-8-303 — Protected purchaser.
- 57A-8-304 — Indorsement.
- 57A-8-305 — Instruction.
- 57A-8-306 — Effect of guaranteeing signature, indorsement, or instruction.
- 57A-8-307 — Purchaser's right to requisites for registration of transfer.
- 57A-8-308 — to 57A-8-321. Repealed.PART 4. REGISTRATION.
- 57A-8-401 — Duty of issuer to register transfer.
- 57A-8-402 — Assurance that indorsement or instruction is effective.
- 57A-8-403 — Demand that issuer not register transfer.
- 57A-8-404 — Wrongful registration.
- 57A-8-405 — Replacement of lost, destroyed, or wrongfully taken security certificate.
- 57A-8-406 — Obligation to notify issuer of lost, destroyed, or wrongfully taken securitycertificate.
- 57A-8-407 — Authenticating trustee, transfer agent, and registrar.
- 57A-8-408 — Repealed.PART 5. SECURITY ENTITLEMENTS.
- 57A-8-501 — Securities account; acquisition of security entitlement from securitiesintermediary.
- 57A-8-502 — Assertion of adverse claim against entitlement holder.
- 57A-8-503 — Property interest of entitlement holder in financial asset held by securitiesintermediary.
- 57A-8-504 — Duty of securities intermediary to maintain financial asset.
- 57A-8-505 — Duty of securities intermediary with respect to payments and distributions.
- 57A-8-506 — Duty of securities intermediary to exercise rights as directed by entitlementholder.
- 57A-8-507 — Duty of securities intermediary to comply with entitlement order.
- 57A-8-508 — Duty of securities intermediary to change entitlement holder's position toother form of security holding.
- 57A-8-509 — Specification of duties of securities intermediary by other statute orregulation; Manner of performance of duties of securities intermediary andexercise of rights of entitlement holder.
- 57A-8-510 — Rights of purchaser of security entitlement from entitlement holder.
- 57A-8-511 — Priority among security interests and entitlement holders.PART 6. TRANSITION PROVISIONS FOR REVISED ARTICLE 8 AND CONFORMINGAMENDMENTS TO ARTICLES 1, 3, 4, 5, 9, AND 10.
- 57A-8-601 — Reserved.
- 57A-8-603 — Savings clause.