South Dakota Codified Laws
Chapter 01A - Trustees Powers
Section 55-1A-24 - Contracts binding upon trust.

South Dakota Codified Laws

Title 55 - Fiduciaries and Trusts

Chapter 01A - Trustees Powers

Section 55-1A-1 - Powers enumerated in chapter apply to any trust unless specifically excluded--Powers as additional to common law powers.

Section 55-1A-2 - Trustee defined.

Section 55-1A-5 - Retention of trust property by trustee.

Section 55-1A-6 - Additions to trust assets.

Section 55-1A-7 - Operation of business by trustee.

Section 55-1A-8 - Acquisition of undivided interest in trust asset.

Section 55-1A-9 - Investment of trust assets.

Section 55-1A-9.1 - Affiliated investments.

Section 55-1A-10 - Deposit of trust funds in bank.

Section 55-1A-11 - Disposal of trust assets.

Section 55-1A-12 - Grant or taking of option for disposition of assets.

Section 55-1A-13 - Leases by trustees.

Section 55-1A-14 - Repairs by trustee--Removal or demolition.

Section 55-1A-15 - Razing or erection of party walls or buildings.

Section 55-1A-16 - Land development or dedication--Valuation adjustments.

Section 55-1A-17 - Mineral and natural resource leases and explorations.

Section 55-1A-18 - Insurance.

Section 55-1A-19 - Voting stock or securities--Voting trust agreements.

Section 55-1A-20 - Payment of calls, assessments, and other sums charged against corporate securities.

Section 55-1A-21 - Corporate powers--Stocks--Reorganizations and mergers--Sales and leases.

Section 55-1A-22 - Holding stock in nominee's name without disclosing fiduciary relationship.

Section 55-1A-23 - Borrowing money against trust assets.

Section 55-1A-24 - Contracts binding upon trust.

Section 55-1A-25 - Claims in favor of or against trust or trustee.

Section 55-1A-26 - Release of claim or lien.

Section 55-1A-27 - Payment of trust administration expenses.

Section 55-1A-28 - Creation of reserves.

Section 55-1A-29 - Payment of sum distributable to minor or other beneficiary under legal disability--Methods.

Section 55-1A-30 - Distribution of property and money.

Section 55-1A-31 - Employment of agents and assistants.

Section 55-1A-32 - Prosecution or defense of actions and proceedings.

Section 55-1A-32.1 - Trustee immunity from liability for failure to prosecute, defend, or continue to defend.

Section 55-1A-33 - Advance of income or loan to beneficiary--Lien.

Section 55-1A-34 - Advance of money for protection of trust--Lien.

Section 55-1A-35 - Execution and delivery of instruments.

Section 55-1A-36 - Holding of two or more trusts with undivided interests.

Section 55-1A-37 - Citation of chapter.

Section 55-1A-38 - Trustee may perform necessary and appropriate acts.

Section 55-1A-39 - Disclaimer of powers by trustee--Time limit.

Section 55-1A-40 - Trust name change.

Section 55-1A-41 - Co-trustee appointment--Powers.