There is a newer version of the South Dakota Codified Laws
2016 South Dakota Codified Laws
Title 55 - FIDUCIARIES AND TRUSTS
Chapter 01A - Trustees' Powers
§ 55-1A-23 Borrowing money against trust assets.
SD Codified L § 55-1A-23 (2016) What's This?
55-1A-23. Borrowing money against trust assets. A trustee may borrow money, and mortgage or otherwise encumber or pledge trust assets, for a term within or extending beyond the term of his trust, in connection with the exercise of any power vested in himself.
Source: SL 1979, ch 336, ยง 23.
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