There is a newer version of the South Dakota Codified Laws
2011 South Dakota Code
Title 21 JUDICIAL REMEDIES
Chapter 22. Administration Of Trust Estates
§21-22-30 Court approval of trustee's accounting is conclusive--"Accounting" defined.
SD Codified L § 21-22-30 (through 2011) What's This?
21-22-30. Court approval of trustee's accounting is conclusive--"Accounting" defined. An accounting by a trustee of a court supervised trust and the final approval thereof by a court is conclusive against all persons in any way interested in the trust, 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 the accounting. For purposes of this section, the term, accounting, means any annual, 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.
Source: SL 2000, ch 229, § 3.
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