55-1B-7. Submission to court jurisdiction--Effect on trust advisor or trust protector.
By accepting an appointment to serve as a trust advisor or trust protector of a trust that is subject to the laws of this State, the trust advisor or the trust protector submits to the jurisdiction of the courts of South Dakota even if investment advisory agreements or other related agreements provide otherwise, and the trust advisor or trust protector may be made a party to any action or proceeding if issues relate to a decision or action of the trust advisor or trust protector.
Source: SL 1997, ch 280, ยง7.
Structure South Dakota Codified Laws
Title 55 - Fiduciaries and Trusts
Section 55-1B-1 - Definition of terms.
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-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.