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Statutes > South Dakota Laws > Title 55 - FIDUCIARIES AND TRUSTS > Chapter 01B - Directed Trusts > Section 55-1B-5 - Excluded fiduciary's liability for loss if trust protector appointed.

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SOUTH DAKOTA STATUTES AND CODES

Section 55-1B-5 - Excluded fiduciary's liability for loss if trust protector appointed.

55-1B-5. Excluded fiduciary's liability for loss if trust protector appointed. If an instrument appoints a trust protector, the excluded fiduciary is not liable for any loss resulting from any action taken upon such trust protector's direction.

Source: SL 1997, ch 280, § 5.

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