55-6-3. Compliance with law governing administration of trust estates.
The bank or trust company operating such common trust funds or collective investment funds shall comply with the provisions of chapter 21-22 in the administration of the trust estate.
Source: SL 1941, ch 20, §2; SDC Supp 1960, §6.0902; SL 2011, ch 212, §26.
Structure South Dakota Codified Laws
Title 55 - Fiduciaries and Trusts
Chapter 06 - Common Trust Funds And Collective Investment Funds
Section 55-6-1.1 - Common trust fund defined.
Section 55-6-1.2 - Collective investment fund defined.
Section 55-6-2 - Bank or trust company investment in funds.
Section 55-6-2.1 - Powers of bank or trust company qualified to act as fiduciary.
Section 55-6-3 - Compliance with law governing administration of trust estates.
Section 55-6-4 - Application of chapter.