Statutes, codes, and regulations
South Dakota Codified Laws
Title 55 - FIDUCIARIES AND TRUSTS
Chapter 2 - DUTIES AND LIABILITIES OF TRUSTEES
Section 55-2-16 - Action that may not be taken by restricted trustee may be taken by another unrestricted trustee

S.D. Codified Laws § 55-2-16

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Current through the 2024 Legislative Session
Section 55-2-16 - Action that may not be taken by restricted trustee may be taken by another unrestricted trustee

Any action that may not be taken by a trustee of the first trust by reason of the restrictions in subdivision 55-2-15(2) may instead be taken by any other trustee of the first trust who is not so restricted, or, if none, by the next available party who can be a successor trustee and who is not so restricted. The second trust may be a trust created or administered under the laws of any jurisdiction, within or without the United States.

SDCL 55-2-16

SL 2007, ch 281, §2.