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2014 South Dakota Codified Laws
Title 55 - FIDUCIARIES AND TRUSTS
Chapter 06 - Common Trust Funds And Collective Investment Funds
§ 55-6-1 Establishment and maintenance of common trust funds and collective investmentfunds--Purpose.

SD Codified L § 55-6-1 (2014) What's This?

55-6-1. Establishment and maintenance of common trust funds and collective investment funds--Purpose. Any bank or trust company qualified to act as fiduciary in this state may establish common trust funds or collective investment funds for the purpose of furnishing investments to itself as fiduciary, or to itself and others, as cofiduciaries.

Any common trust fund or collective investment fund authorized by this chapter shall be established and maintained in accordance with 12 C.F.R. 9.18 as of January 1, 2011.

Source: SL 1941, ch 20, § 1; SDC Supp 1960, § 6.0901; SL 2011, ch 212, § 23.

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