Liability of guarantor of signature of fiduciary.

1. Law
2. South Dakota Codified Laws
3. Fiduciaries and Trusts
4. Registration And Transfer Of Securities Held By Fiduciaries
5. Liability of guarantor of signature of fiduciary.

55-8-14. Liability of guarantor of signature of fiduciary.

If a corporation or transfer agent makes a transfer pursuant to an assignment by a fiduciary, a person who guaranteed the signature of the fiduciary is not liable on the guarantee to any person to whom the corporation or transfer agent by reason of this chapter incurs no liability.

Source: SL 1961, ch 22, §7 (2).

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