2006 South Dakota Code - 55-5-9 — Review of assets upon acceptance of trusteeship--Basis for disposition orretention of assets.

     55-5-9.   Review of assets upon acceptance of trusteeship--Basis for disposition or retention of assets. The trustee shall, within a reasonable time after the acceptance of the trusteeship, review trust assets and make and implement decisions concerning the retention and disposition of original pre-existing investments in order to conform to the provisions of this section. The trustee's decision to retain or dispose of an asset may properly be influenced by the asset's special relationship or value to the purposes of the trust or to some or all of the beneficiaries, consistent with the trustee's duty of impartiality.

Source: SL 1995, ch 271, § 9.