S.D. Admin. R. 20:07:22:03
Current through Register Vol. 50, page 162, June 24, 2024
A private trust company is one that does not engage in trust company business with the general public or otherwise hold itself out as a trustee or fiduciary for hire by advertising, solicitation, or other means and instead operates for the benefit of a family or families, regardless of whether compensation is received or anticipated.
S.D. Admin. R. 20:07:22:03
General Authority: SDCL 51A-2-13.
Law Implemented: SDCL 51A-6A-1.