There is a newer version of the South Dakota Codified Laws
2014 South Dakota Codified Laws
Title 55 - FIDUCIARIES AND TRUSTS
Chapter 02 - Duties And Liabilities Of Trustees
- § 55-2-1 Trustee's obligation of good faith.
- § 55-2-2 Trustee not to use property for his own benefit--Profit of trustee from use of property,extent of liability.
- § 55-2-3 Transactions involving interest of trustee adverse to beneficiary prohibited--Exceptions.
- § 55-2-4 Trustee's influence not to be used for his advantage.
- § 55-2-5 Trustee not to assume a trust adverse to the interest of beneficiary.
- § 55-2-6 Adverse interest of trustee--Information to beneficiary--Removal of trustee.
- § 55-2-7 Fraud against beneficiary of trust.
- § 55-2-8 Presumption against trustee.
- § 55-2-9 Liability of trustee mingling trust property with his own.
- § 55-2-10 Measure of liability for unauthorized use or disposal of trust property--Intent to serveinterest of beneficiary.
- § 55-2-11 Liability for acts of cotrustee.
- § 55-2-12 Liability of successor trustee.
- § 55-2-13 Notice to qualified beneficiaries of existence of trust--Information to be provided toexcluded fiduciaries.
- § 55-2-14 Duty to provide information regarding revocable trust and its administration.
- § 55-2-15 Trustee authorized to distribute income or principal from first trust may appoint allor part in favor of trustee of second trust--Restrictions--Power of appointment tobeneficiary of second trust.
- § 55-2-16 Action that may not be taken by restricted trustee may be taken by anotherunrestricted trustee.
- § 55-2-17 Conditions under which beneficiary has power to change trustees.
- § 55-2-18 Exercise of power to distribute income or principal by written instrument--Notice tobeneficiaries of first trust.
- § 55-2-19 Exercise of power to distribute income or principal considered exercise of power ofappointment.
- § 55-2-20 Impermissible use of power.
- § 55-2-21 Trustee's right to distribute income or principal in trust arising under law or terms offirst trust not abridged.
- § 55-2-22 Fiduciary duty to determine that substituted property is of equivalent value.
- § 55-2-23 Reliance of excluded fiduciaries and trustees on tax information.
Disclaimer: These codes may not be the most recent version. South Dakota may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.