59-12-28. Stocks and bonds.Unless the power of attorney otherwise provides, language in a power of attorney granting general authority with respect to stocks and bonds authorizes the agent to:(1)Buy, sell, and exchange stocks and bonds;(2)Establish, continue, modify, or terminate an account with respect to stocks and bonds;(3)Pledge stocks and bonds as security to borrow, pay, renew, or extend the time of payment of a debt of the principal;(4)Receive certificates and other evidences of ownership with respect to stocks and bonds; and(5)Exercise voting rights with respect to stocks and bonds in person or by proxy, enter into voting trusts, and consent to limitations on the right to vote. Source: SL 2020, ch 214, § 28.
South Dakota Legal Code