Section 55-2-5 - Trustee not to assume a trust adverse to the interest of beneficiary. - South Dakota Statutes

55-2-5. Trustee not to assume a trust adverse to the interest of beneficiary. No trustee so long as he remains in the trust may undertake another trust adverse in its nature to the interest of his beneficiary in the subject of the trust without the consent of the latter.

Source: SDC 1939, § 59.0110.