There is a newer version of the South Dakota Codified Laws
2012 South Dakota Codified Laws
Title 55 FIDUCIARIES AND TRUSTS
Chapter 04. Uniform Trusts Act
- §55-4-1 Definition of terms.
- §55-4-2 Powers attached to the office of trustee.
- §55-4-3 Number of trustees for exercise of powers.
- §55-4-4 Liability of trustee not joining in exercise of power.
- §55-4-5 Cotrustee--Liability for maladministration of trust.
- §55-4-6 Voting of corporate stock owned by trustee.
- §55-4-7 Creation of trust--Bank account to pay special debts.
- §55-4-8 Trust to pay special debts--Failure of beneficiary to present claim for payment--Revocation of trust by depositor.
- §55-4-9 Holding stock in name of nominee.
- §55-4-10 Loan of trust funds.
- §55-4-11 Corporate trustee depositing trust funds with self--Interest.
- §55-4-12 Corporate trustee depositing trust funds with self--Maintenance of required value--Ownership of income--Items specified in statements of financial condition to Division of Banking.
- §55-4-13 Trustee not to buy from or sell to self--Exception.
- §55-4-14 Permitted sales between trusts held by same corporate trustee.
- §55-4-15 Corporate trustee buying its own stock.
- §55-4-16 Withdrawals from mingled trust funds.
- §55-4-17 Unenforceable oral trust created by deed--Duties of intended trustee--Conveyance of real property interest under oral trust.
- §55-4-18 Unenforceable oral trust created by deed--Liability of trustee to settlor for transfer of real property.
- §55-4-19 Action on contract against trustee in representative capacity--Execution against trust property--Intervention by beneficiary.
- §55-4-20 Action on contract against trustee--Notice to beneficiaries.
- §55-4-21 Action on contract against trustee--Personal liability of trustee.
- §55-4-22 Exoneration or reimbursement of trustee for tort committed in administration of trust.
- §55-4-23 Exoneration or reimbursement of trustee for tort--Increase in value of trust property.
- §55-4-24 Liability of trustees of charitable trust for torts not changed by provisions of law as to exoneration or reimbursement of trustee for tort.
- §55-4-25 Tort liability of trust estate--Action against trustee, amount of recovery, intervention by beneficiary.
- §55-4-26 Tort liability of trust estate--Action against trustee, proof as to reimbursement unnecessary.
- §55-4-27 Tort liability of trust estate--Action against trustee, notice to beneficiaries.
- §55-4-28 Personal liability for tort committed by trustee.
- §55-4-29 Existing law as to charitable immunity not changed by law as to tort liability of trust estate.
- §55-4-30 Power of settlor of trust.
- §55-4-31 Trustee not liable if beneficiary consents to conduct or releases trustee from liability or ratifies transaction.
- §55-4-32 Relieving trustee of duties--Power of the court.
- §55-4-33 Liabilities for violations of chapter.
- §55-4-34 Application of chapter to testamentary trust.
- §55-4-35 Uniformity of interpretation.
- §55-4-36 Citation of chapter.
- §55-4-37 Liability for fiduciary's partnership interest limited.
- §55-4-38 Limitation on trustee's power to make distributions to his or her benefit.
- §55-4-39 "Trustee" construed broadly.
- §55-4-40 Applicability of §§ 55-4-38 and 55-4-39.
- §55-4-41 Certain trustees exempted from §§ 55-4-38 to 55-4-40, inclusive.
- §55-4-42 to 55-4-47. Repealed.
- §55-4-48, 55-4-49. Repealed.
- §55-4-50 Co-trustee's inability or failure to perform.
- §55-4-51 Certificate of trust furnished in lieu of copy of trust instrument or will that creates testamentary trust--Contents.
- §55-4-51.1 Recording of certificate of trust--Reliance upon content.
- §55-4-51.2 Applicability of §§ 55-4-51 and 55-4-51.1.
- §55-4-51.3 Form of certificate of trust in support of a real property transaction.
- §55-4-52 Request for excerpts from trust instrument.
- §55-4-53 Limitation of liability for acting in reliance on certificate of trust.
- §55-4-54 Enforcement of transaction entered into in reliance on certificate of trust.
- §55-4-55 Liability for bad faith demand for trust instrument.
- §55-4-56 Right to obtain copy of trust instrument in judicial proceeding.
- §55-4-57 Time for commencing judicial proceeding to contest validity of trust revocable at settlor's death--Distribution of trust property--Recovery of improper distribution.
- §55-4-58 Presentation of claims against property of trust revocable at settlor's death.
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