S.D. Codified Laws § 55-1-9

Current through the 2024 Legislative Session

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).