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.
South Dakota Legal Code