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SOUTH DAKOTA STATUTES AND CODES
Section 55-1-5 - Express trust created as to trustee--Words and acts of trustee.
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.
(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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