2006 South Dakota Code - 55-4-23 — Exoneration or reimbursement of trustee for tort--Increase in value of trustproperty.

     55-4-23.   Exoneration or reimbursement of trustee for tort--Increase in value of trust property. If a trustee commits a tort which increases the value of the trust property, he shall be entitled to exoneration or reimbursement with respect thereto to the extent of such increase in value, even though he would not otherwise be entitled to exoneration or reimbursement.

Source: SL 1943, ch 308, § 13; SDC Supp 1960, § 59.0513 (2).

Disclaimer: These codes may not be the most recent version. South Dakota may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.