Section 55-4-31 - Power of beneficiary of trust. - South Dakota Statutes

55-4-31. Power of beneficiary of trust. Any beneficiary of a trust affected by this chapter may, if of full legal capacity and acting upon full information, by written instrument delivered to the trustee relieve the trustee as to such beneficiary from any or all of the duties, restrictions, and liabilities which would otherwise be imposed on the trustee by this chapter, except as to the duties, restrictions, and liabilities imposed by §§ 55-4-10 to 55-4-12, inclusive. Any such beneficiary may release the trustee from liability to such beneficiary for past violations of any of the provisions of this chapter.

Source: SL 1943, ch 308, § 18; SDC Supp 1960, § 59.0518; SL 2000, ch 229, § 2.