There is a newer version of the South Dakota Codified Laws
2006 South Dakota Code - 55-4-10 — Loan of trust funds.
55-4-10. Loan of trust funds. Except as provided in §§ 55-4-11 and 55-4-12, no corporate trustee shall lend trust funds to itself or an affiliate, or to any director, officer, or employee of itself or of an affiliate; nor shall any noncorporate trustee lend trust funds to himself, or to his relative, employer, employee, partner, or other business associate.Source: SL 1943, ch 308, § 3; SDC Supp 1960, § 59.0503.
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