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Code · South Dakota · Title 55 · Chapter 55-1

55-1A-22. Holding stock in nominee's name without disclosing fiduciary relationship.

42 words·~1 min read·/sd/title-55/chapter-55-1/55-1a-22

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A trustee may hold any stock or other security in the name of a nominee or nominees, without disclosure of any fiduciary relationship, but he shall be liable for any and all acts and omissions of the nominee relating to such assets.
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