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Statutes > South Dakota Laws > Title 55 - FIDUCIARIES AND TRUSTS > Chapter 02 - Duties And Liabilities Of Trustees > Section 55-2-12 - Liability of successor trustee.

STATE STATUTES & CODES

SOUTH DAKOTA STATUTES AND CODES

Section 55-2-12 - Liability of successor trustee.

55-2-12. Liability of successor trustee. Unless otherwise provided in the trust agreement, a successor trustee is not individually liable for agreements, contracts or actions entered into by its predecessor fiduciary.

Source: SL 1991, ch 229, § 2.

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