There is a newer version
of
this Section
2018 South Dakota Codified Laws
Title 47 - CORPORATIONS
Chapter 16 - Cooperatives--Membership, Stock And Distributions
§ 47-16-34 Definition of transfers and transferors.
Universal Citation: SD Codified L § 47-16-34 (2018)
47-16-34. Definition of transfers and transferors. As used in § 47-16-33:
(1) "Proper person" means the registered owner or last prior transferee, whether or not described as fiduciary for another, or his authorized agent, legal representative, or successor to his interest by operation of law;
(2) "Transfer" includes a redemption or recall of stock;
(3) "Wrongful transfer" means a transfer which is in excess of the authorization or capacity of the transferor, or which is made in breach of the transferor's fiduciary duty.
Source: SDC 1939, § 11.1122 (2) as enacted by SL 1965, ch 23, § 1.
Disclaimer: These codes may not be the most recent version. South Dakota may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
