S.D. Codified Laws § 55-1-5

Current through the 2024 Legislative Session

Section 55-1-5 - Express trust created as to trustee-Words and acts of trustee

An express trust is created as to the trustee by any words or acts of his, indicating with reasonable certainty:

(1) His acceptance of the trust or his acknowledgment, made upon sufficient consideration, of its existence; and

(2) The subject, purpose, and beneficiary thereof.

SDCL 55-1-5

SDC 1939, § 59.0105.