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SOUTH DAKOTA STATUTES AND CODES
Chapter 02 - Duties And Liabilities Of Trustees
- Section 55-2-1 - Trustee's obligation of good faith.
- Section 55-2-2 - Trustee not to use property for his own benefit--Profit of trustee from use of property,extent of liability.
- Section 55-2-3 - Transactions involving interest of trustee adverse to beneficiary prohibited--Exceptions.
- Section 55-2-4 - Trustee's influence not to be used for his advantage.
- Section 55-2-5 - Trustee not to assume a trust adverse to the interest of beneficiary.
- Section 55-2-6 - Adverse interest of trustee--Information to beneficiary--Removal of trustee.
- Section 55-2-7 - Fraud against beneficiary of trust.
- Section 55-2-8 - Presumption against trustee.
- Section 55-2-9 - Liability of trustee mingling trust property with his own.
- Section 55-2-10 - Measure of liability for unauthorized use or disposal of trust property--Intent to serveinterest of beneficiary.
- Section 55-2-11 - Liability for acts of cotrustee.
- Section 55-2-12 - Liability of successor trustee.
- Section 55-2-13 - Notice to qualified beneficiaries of existence of trust--Information to be provided toexcluded fiduciaries.
- Section 55-2-14 - Duty to provide information regarding revocable trust and its administration.
- Section 55-2-15 - Trustee authorized to distribute income or principal from first trust may appoint allor part in favor of trustee of second trust--Restrictions.
- Section 55-2-16 - Action that may not be taken by restricted trustee may be taken by anotherunrestricted trustee.
- Section 55-2-17 - Conditions under which beneficiary has power to change trustees.
- Section 55-2-18 - Exercise of power to distribute income or principal by written instrument--Notice tobeneficiaries of first trust.
- Section 55-2-19 - Exercise of power to distribute income or principal considered exercise of power ofappointment.
- Section 55-2-20 - Impermissible use of power.
- Section 55-2-21 - Trustee's right to distribute income or principal in trust arising under law or terms offirst trust not abridged.
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