For AI agents: read the machine-readable documentation index at /llms.txt or the single-file full reference at /llms-full.txt.
Form a Business

Liability on securities wrongfully transferred--Notice.

SDCL § 47-16-33
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
47-16-33. Liability on securities wrongfully transferred--Notice. A cooperative is not liable for acting upon wrongful transfers of its securities unless it has notice that the certificate was not transferred by a proper person or has notice that the transfer was wrongful. SDC 1939, § 11.1122 (1) as enacted by SL 1965, ch 23, § 1.
Source: South Dakota Legislature (sdlegislature.gov)URL: https://sdlegislature.gov/Statutes/47-16-33Fetched: 10/20/2026

Starting a business in South Dakota? South Dakota LLC guide: costs and requirements