This bill changes which state's law governs disputes over securities (stocks and bonds) held through intermediaries like brokers. Instead of allowing different states' laws to apply based on where the intermediary is located, South Dakota law will now govern these disputes when the securities intermediary is in South Dakota.
AI-generated summary
This bill does not directly amend codified state law.
Judiciary Deferred to the 41st legislative day Passed, YEAS 12, NAYS 1. H.J. 23
Judiciary Scheduled for hearing
House of Representatives Referred to House Judiciary H.J. 237
First Reading House H.J. 193
Prime sponsor · Rep
R
Dist. HD-018
cosponsor · Rep
R
Dist. HD-028
Deferred to the 41st legislative day
Deferred to the 41st legislative day