There is a newer version of the South Dakota Codified Laws
2006 South Dakota Code - 55-1B-4 — When trust advisor considered as fiduciary.
55-1B-4. When trust advisor considered as fiduciary. If one or more trust advisors are given authority by the terms of a governing instrument to direct, consent to, or disapprove a fiduciary's investment decisions, or proposed investment decisions, such trust advisors shall be considered to be fiduciaries when exercising such authority unless the governing instrument provides otherwise.Source: SL 1997, ch 280, § 4.
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