51A-6-14. Fiduciary capacity defined. As used in this chapter, unless the context otherwise requires, "fiduciary capacity" means a capacity resulting from a bank undertaking to act alone or jointly with others primarily for the benefit of another in all matters connected with its undertaking and includes the capacities of trustee, including trustee of a common trust fund, personal representative, registrar, or transfer agent with respect to stocks, bonds, or other evidences of indebtedness of any corporation, association, municipality, state or public authority, conservator, receiver, escrow agent, agent for the investment of money, attorney-in-fact, and any other similar capacity.
Source: SL 1976, ch 304, § 1 (3); SDCL, § 51-19A-14; SL 1995, ch 167, § 187.
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