Deposit in clearing corporation of securities held as fiduciary or custodian.

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  5. Deposit in clearing corporation of securities held as fiduciary or custodian.

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51A-5-21. Deposit in clearing corporation of securities held as fiduciary or custodian.

Any fiduciary holding securities in its fiduciary capacity, any bank holding securities as a custodian or managing agent, and any bank holding securities as custodian for a fiduciary is authorized to deposit or arrange for the deposit of the securities in a clearing corporation as defined in subdivision 57A-8-102(5).

Source: SL 1978, ch 357, §1; SDCL §51-19-10.1; SL 1995, ch 268, §74; SL 1997, ch 272, §12; SL 2015, ch 239, §5; SL 2021, ch 203, § 5.


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