55-8-1. Definition of terms.In this chapter, unless the context otherwise requires:(1)'Assignment' includes any written stock power, bond power, bill of sale, deed, declaration of trust, or other instrument of transfer.(2)'Claim of beneficial interest' includes a claim of any interest by a decedent's legatee, distributee, heir, or creditor, a beneficiary under a trust, a ward, a beneficial owner of a security registered in the name of a nominee or a minor owner of a security registered in the name of a custodian, or a claim of any similar interest, whether the claim is asserted by the claimant or by a fiduciary or by any other authorized person on his behalf, and includes a claim that the transfer would be in breach of fiduciary duties.(3)'Corporation' means a private or public corporation, association or trust issuing a security.(4)'Fiduciary' means a personal representative, trustee, guardian, committee, conservator, curator, tutor, custodian, or nominee.(5)'Person' includes an individual, a corporation, government or governmental subdivision or agency, business trust, estate, trust, partnership or association, two or more persons having a joint or common interest, or any other vidual, a corporation, government or governmental subdivision or agency, business trust, estate, trust, partnership or association, two or more persons having a joint or common interest, or any other legal or commercial entity.(6)'Security' includes any share of stock, bond, debenture, note, or other security issued by a corporation which is registered as to ownership on the books of the corporation.(7)'Transfer' means a change on the books of a corporation in the registered ownership of a security.(8)'Transfer agent' means a person employed or authorized by a corporation to transfer securities issued by the corporation. Source: SL 1961, ch 22, §1.
South Dakota Legal Code