There is a newer version of the South Dakota Codified Laws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
§55-1-8 Implied trust resulting from fraud, accident or wrongful act.
SD Codified L § 55-1-8 (through 2011) What's This?
55-1-8. Implied trust resulting from fraud, accident or wrongful act. One who gains a thing by fraud, accident, mistake, undue influence, the violation of a trust or other wrongful act, is, unless he has some other and better right thereto, an implied trustee of the thing gained for the benefit of the person who would otherwise have had it.
Source: SDC 1939, § 59.0102 (2).
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