2011 South Dakota Code
Title 55 FIDUCIARIES AND TRUSTS
Chapter 01. Classification And Creation Of Trusts
§55-1-5 Express trust created as to trustee--Words and acts of trustee.


SD Codified L § 55-1-5 (through 2011) What's This?

55-1-5. Express trust created as to trustee--Words and acts of trustee. An express trust is created as to the trustee by any words or acts of his, indicating with reasonable certainty:

(1) His acceptance of the trust or his acknowledgment, made upon sufficient consideration, of its existence; and

(2) The subject, purpose, and beneficiary thereof.

Source: SDC 1939, § 59.0105.

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