South Dakota Codified Laws
Chapter 01B - Directed Trusts
Section 55-1B-5 - Excluded fiduciary's liability for loss if trust protector appointed.

55-1B-5. Excluded fiduciary's liability for loss if trust protector appointed.
If an instrument appoints a trust protector, the excluded fiduciary is not liable for any loss resulting from any action taken upon such trust protector's direction.

Source: SL 1997, ch 280, ยง5.

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Structure South Dakota Codified Laws

South Dakota Codified Laws

Title 55 - Fiduciaries and Trusts

Chapter 01B - Directed Trusts

Section 55-1B-1 - Definition of terms.

Section 55-1B-1.1 - Governing instrument may provide trust advisor or trust protector with powers and immunities of trustee.

Section 55-1B-2 - Liability limits of excluded fiduciary--Relief from obligations for excluded fiduciary--Burden of proof in action against excluded fiduciary.

Section 55-1B-3 - Death of grantor.

Section 55-1B-4 - Trust advisor as fiduciary.

Section 55-1B-5 - Excluded fiduciary's liability for loss if trust protector appointed.

Section 55-1B-6 - Powers and discretions of trust protector.

Section 55-1B-7 - Submission to court jurisdiction--Effect on trust advisor or trust protector.

Section 55-1B-8 - Powers of trust protector incorporated by reference in will or trust instrument.

Section 55-1B-9 - Investment trust advisor or distribution trust advisor provided for in trust instrument.

Section 55-1B-10 - Powers and discretions of investment trust advisor.

Section 55-1B-11 - Powers and discretions of distribution trust advisor.

Section 55-1B-12 - Powers and discretions of family advisor.