51A-6A-63. Registering investments in name of nominee--Liability of trust company.
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/sd/title-51/chapter-51-6/51a-6a-63·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Any trust company, when acting in this state as a fiduciary or a co - fiduciary with others, may with the consent of its co - fiduciary or co - fiduciaries, if any, cause any investment held in any such capacity, to be registered and held in the name of a nominee or nominees of the trust company. The trust company is liable for the acts of any nominee with respect to any investment so registered.