S.D. Codified Laws § 55-1A-21
This is the official text of S.D. Codified Laws § 55-1A-21, part of South Dakota’s Codified Laws — part of the compiled statutory law of South Dakota, published by the state as "Codified Laws." Browse the sections below, each linked to its official government source.
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Corporate powers--Stocks--Reorganizations and mergers--Sales and leases
Official statutory text
A trustee may sell or exercise stock subscription or conversion rights; participate in foreclosures, reorganizations, consolidations, mergers or liquidations; and consent, directly or through a committee or other agent, to corporate sales, leases and encumbrances. In the exercise of such powers a trustee may, where he deems such course to be expedient, deposit stocks, bonds or other securities with any protective or other similar committee, under such terms and conditions respecting the deposit thereof as the trustee may approve.
Source: SL 1979, ch 336, § 21.
Source: SL 1979, ch 336, § 21.
Status: in_force · Read it on the official government site
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