There is a newer version of the South Dakota Codified Laws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
§55-1-3 Express trust defined.
SD Codified L § 55-1-3 (through 2011) What's This?
55-1-3. Express trust defined. An express trust is an obligation arising out of a personal confidence reposed in and voluntarily accepted by one for the benefit of another.
Source: SDC 1939, § 59.0101.
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