There is a newer version of the South Dakota Codified Laws
2006 South Dakota Code - 55-4-25 — Tort liability of trust estate--Action against trustee, amount of recovery,intervention by beneficiary.
55-4-25. Tort liability of trust estate--Action against trustee, amount of recovery, intervention by beneficiary. Where a trustee or his predecessor has incurred personal liability for a tort committed in the course of his administration, the trustee in his representative capacity may be sued and collection had from the trust property, if the court shall determine in such action:
(1) that the tort was a common incident of
the kind of business activity in which the trustee or his
predecessor was properly engaged for the trust; or
(2) that, although the tort was not a
common incident of such activity, neither the trustee nor his
predecessor, nor any officer or employee of the trustee or his
predecessor, was guilty of personal fault in incurring the
liability; or
(3) that, although the tort did not fall
within classes (1) or (2) above, it increased the value of the
trust property.
If the tort
is within classes (1) or (2) above, collection may be had of the
full amount of damage proved; and if the tort is within class (3)
above, collection may be had only to the extent of the increase in
the value of the trust property.
Any
beneficiary may intervene in such action and contest the right of
the plaintiff to recover.
Source: SL 1943, ch 308, § 14; SDC Supp 1960, § 59.0514 (1), (3).
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