There is a newer version of the South Dakota Codified Laws
2012 South Dakota Codified Laws
Title 15 CIVIL PROCEDURE
Chapter 02. Limitation Of Actions Generally
§15-2-36 Actions for breach of trust against qualified persons.
SD Codified L § 15-2-36 (through 2012) What's This?
15-2-36. Actions for breach of trust against qualified persons. If § 21-22-30 or 55-3-45 do not apply, absent fraud, intentional misrepresentation, or material omission, an action to recover for breach of trust against a qualified person as defined in § 55-3-41 or an officer, director, or employee of a qualified person may be commenced only within two years of a trustee's accounting for the period of the breach pursuant to chapter 55-3. In the case of fraud, intentional misrepresentation, or material omission, the limitation period does not commence to run until discovery of the breach of trust.
Source: SL 2007, ch 247, § 5; SL 2010, ch 232, § 27.
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