A trustee may hold any stock or other security in the name of a nominee or nominees, without disclosure of any fiduciary relationship, but he shall be liable for any and all acts and omissions of the nominee relating to such assets.
S.D. Codified Laws § 55-1A-22
Holding stock in nominee's name without disclosing fiduciary relationship
Source: SL 1979, ch 336, § 22.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.