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Statutes > South Dakota Laws > Title 55 - FIDUCIARIES AND TRUSTS > Chapter 01 - Classification And Creation Of Trusts > Section 55-1-6 - Implied trust--Definition--Creation.

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Section 55-1-6 - Implied trust--Definition--Creation.

55-1-6. Implied trust--Definition--Creation. An implied trust is one which is created by operation of law. An implied trust arises in the cases described in §§ 55-1-7 to 55-1-10, inclusive.

Source: SDC 1939, §§ 59.0101, 59.0102.

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