55-18-17. Discretion of representative--Fiduciary status.
A representative may make a decision with broad discretion and no representative is liable for an action or omission unless the representative:
(1)Acts dishonestly;
(2)Acts with an improper motive; or
(3)Fails, if under a duty to do so, to act.
A representative may represent any number of persons. A representative is not a fiduciary solely by reason of being a representative unless otherwise ordered by the court, expressly affirmed in writing by the representative, or provided in the governing instrument.
The provisions of this section do not expand or diminish the duties of an attorney.
Source: SL 2017, ch 208, ยง17.
Structure South Dakota Codified Laws
Title 55 - Fiduciaries and Trusts
Chapter 18 - Virtual Representation
Section 55-18-1 - Definitions.
Section 55-18-2 - Application of chapter to proceedings involving persons interested in trust.
Section 55-18-3 - Effect of provisions of chapter.
Section 55-18-4 - Conditions under which representative may not bind person represented.
Section 55-18-5 - Notice, service of process, and consent not required of certain persons.
Section 55-18-6 - Notice or consent respecting co-representatives.
Section 55-18-7 - Demand for notice.
Section 55-18-8 - Notice to Department of Social Services.
Section 55-18-9 - Persons who may bind others.
Section 55-18-10 - Disclosure of information regarding representatives.
Section 55-18-11 - Refusal to act as representative.
Section 55-18-12 - Petition for advance approval of action.
Section 55-18-13 - Representative with conflict of interest.
Section 55-18-14 - Disclosure of conflict of interest by representative.
Section 55-18-15 - Disclosure of conflict of interest by notifier.
Section 55-18-17 - Discretion of representative--Fiduciary status.
Section 55-18-18 - Compensation of representative.
Section 55-18-19 - Appointment of court representative.
Section 55-18-21 - Limitations on trustee's authority to bind beneficiary.
Section 55-18-22 - Unauthorized practice of law not permitted.
Section 55-18-23 - Provisions of governing instrument.
Section 55-18-24 - Construction with chapter 29A-1.