There is a newer version of the South Dakota Codified Laws
2011 South Dakota Code
Title 55 FIDUCIARIES AND TRUSTS
Chapter 01. Classification And Creation Of Trusts
§55-1-13 Voluntary trustee--Assumption of relationship.
SD Codified L § 55-1-13 (through 2011) What's This?
55-1-13. Voluntary trustee--Assumption of relationship. Everyone who voluntarily assumes a relation of personal confidence with another is deemed a trustee within the meaning of this chapter and chapter 55-2 not only as to the person who reposes such confidence, but also as to all persons of whose affairs he thus acquires information which was given to such person in the like confidence or over whose affairs he, by such confidence, obtains any control.
Source: SDC 1939, § 59.0103.
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