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Statutes > South Dakota Laws > Title 55 - FIDUCIARIES AND TRUSTS > Chapter 04 - Uniform Trusts Act > Section 55-4-5 - Cotrustee--Liability for maladministration of trust.

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SOUTH DAKOTA STATUTES AND CODES

Section 55-4-5 - Cotrustee--Liability for maladministration of trust.

55-4-5. Cotrustee--Liability for maladministration of trust. Nothing in § 55-4-3 or 55-4-4 shall excuse a cotrustee from liability for inactivity in the administration of the trust nor for failure to attempt to prevent a breach of trust.

Source: SL 1943, ch 308, § 11; SDC Supp 1960, § 59.0511 (2).

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