Statutes, codes, and regulations
South Dakota Codified Laws
Title 55 - FIDUCIARIES AND TRUSTS
Chapter 1 - CLASSIFICATION AND CREATION OF TRUSTS
Section 55-1-9 - Implied trust created by transfer of property in violation of trust

S.D. Codified Laws § 55-1-9

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Current with legislation signed by the governor on or before 3/6/2024
Section 55-1-9 - Implied trust created by transfer of property in violation of trust

Everyone to whom property is transferred in violation of a trust holds the same as an implied trustee under such trust, unless he purchased it in good faith and for a valuable consideration.

SDCL 55-1-9

SDC 1939, § 59.0102 (3).