There is a newer version of the South Dakota Codified Laws
2014 South Dakota Codified Laws
Title 55 - FIDUCIARIES AND TRUSTS
Chapter 03 - Express Trusts For Third-Party Beneficiaries
§ 55-3-12 Purchase by trustee of claims against trust property.
SD Codified L § 55-3-12 (2014) What's This?
55-3-12. Purchase by trustee of claims against trust property. A trustee cannot enforce any claim against the trust property which he purchases after or in contemplation of his appointment as trustee; but he may be allowed by any competent court to charge to the trust property what he has in good faith paid for the claim, upon discharging the same.
Source: SDC 1939, § 59.0208.
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