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Statutes > South Dakota Laws > Title 55 - FIDUCIARIES AND TRUSTS > Chapter 01B - Directed Trusts > Section 55-1B-4 - When trust advisor considered as fiduciary.

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SOUTH DAKOTA STATUTES AND CODES

Section 55-1B-4 - When trust advisor considered as fiduciary.

55-1B-4. When trust advisor considered as fiduciary. If one or more trust advisors are given authority by the terms of a governing instrument to direct, consent to, or disapprove a fiduciary's investment decisions, or proposed investment decisions, such trust advisors shall be considered to be fiduciaries when exercising such authority unless the governing instrument provides otherwise.

Source: SL 1997, ch 280, § 4.

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