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South Dakota Codified Laws

Chapter 57A-8

S.D. Codified Laws ch. 57A-8

Investment Securities

57A-8-101Short title.57A-8-102Definitions and index of definitions.57A-8-103Rules for determining whether certain obligations and interests are securities or financial assets.57A-8-104Acquisition of security or financial asset or interest therein.57A-8-105Notice of adverse claim.57A-8-106Control.57A-8-107Whether endorsement, instruction, or entitlement order is effective.57A-8-108Warranties in direct holding.57A-8-109Warranties in indirect holding.57A-8-110Applicability--Choice of law.57A-8-111Clearing corporation rules.57A-8-112Creditor's legal process.57A-8-113Statute of frauds inapplicable.57A-8-114Evidentiary rules concerning certificated securities.57A-8-115Securities intermediary and others not liable to adverse claimant.57A-8-116Securities intermediary as purchaser for value.57A-8-201Issuer.57A-8-202Issuer's responsibility and defenses; notice of defect or defense.57A-8-203Staleness as notice of defect or defense.57A-8-204Effect of issuer's restriction on transfer.57A-8-205Effect of unauthorized signature on security certificate.57A-8-206Completion or alteration of security certificate.57A-8-207Rights and duties of issuer with respect to registered owners.57A-8-208Effect of signature of authenticating trustee, registrar, or transfer agent.57A-8-209Issuer's lien.57A-8-210Overissue.57A-8-301Delivery.57A-8-302Rights of purchaser.57A-8-303Protected purchaser.57A-8-304Indorsement.57A-8-305Instruction.57A-8-306Effect of guaranteeing signature, indorsement, or instruction.57A-8-307Purchaser's right to requisites for registration of transfer.57A-8-30857A-8-308 to 57A-8-321. Repealed by SL 1998, ch 284, § 1 57A-8-401Duty of issuer to register transfer.57A-8-402Assurance that indorsement or instruction is effective.57A-8-403Demand that issuer not register transfer.57A-8-404Wrongful registration.57A-8-405Replacement of lost, destroyed, or wrongfully taken security certificate.57A-8-406Obligation to notify issuer of lost, destroyed, or wrongfully taken security certificate.57A-8-407Authenticating trustee, transfer agent, and registrar.57A-8-408RepealedRepealed 57A-8-501Securities account; acquisition of security entitlement from securities intermediary.57A-8-502Assertion of adverse claim against entitlement holder.57A-8-503Property interest of entitlement holder in financial asset held by securities intermediary.57A-8-504Duty of securities intermediary to maintain financial asset.57A-8-505Duty of securities intermediary with respect to payments and distributions.57A-8-506Duty of securities intermediary to exercise rights as directed by entitlement holder.57A-8-507Duty of securities intermediary to comply with entitlement order.57A-8-508Duty of securities intermediary to change entitlement holder's position to other form of security holding.57A-8-509Specification of duties of securities intermediary by other statute or regulation; Manner of performance of duties of securities intermediary and exercise of rights of entitlement holder.57A-8-510Rights of purchaser of security entitlement from entitlement holder.57A-8-511Priority among security interests and entitlement holders.57A-8-60157A-8-601, 57A-8-602. Reserved 57A-8-603Savings clause.