2006 South Dakota Code - 55-3-17 — Discharge of trustee--Grounds.

55-3-17. Discharge of trustee--Grounds. A trustee can be discharged from his trust only as follows:

(1) By the extinction of the trust;

(2) By the completion of his duties under the trust;

(3) By such means as may be prescribed by the declaration of trust;

(4) By the consent of the beneficiary, if he has capacity to contract;

(5) By the judgment of a competent tribunal in a direct proceeding for that purpose that he is of unsound mind; or

(6) By the circuit court.

Source: SDC 1939, § 59.0218.

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