There is a newer version of the South Dakota Codified Laws
2006 South Dakota Code - 55-3-45 — Beneficiary approval of trustee\'s accounting--Accounting defined.
55-3-45. Beneficiary approval of trustee's accounting--Accounting defined. If a trust is not subject to court supervision under chapter 21-22, and if no objection has been made by a beneficiary of a trust within one hundred eighty days after a copy of the trustee's accounting has been mailed, postage prepaid, to the last known address of such beneficiary, the beneficiary is deemed to have approved such accounting of the trustee, and the trustee, absent fraud, intentional misrepresentation, or material omission, shall be released and discharged from any and all liability as to all matters set forth in such accounting. For purposes
of this section, the term, accounting, means any interim or final
report or other statement provided by a trustee reflecting all
transactions, receipts, and disbursements during the reporting
period and a list of assets as of the end of the period covered by
the report or statement, and including written notice to the
beneficiary of the provisions of this section.
Source: SL 1998, ch 282, § 26.
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