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. - 55-1A-1. Powers enumerated in chapter apply to any trust unless...

Section 55-1A-2 - Trustee defined. - 55-1A-2. Trustee defined. As used in this chapter, the word,...

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

Section 55-1A-6 - Additions to trust assets. - 55-1A-6. Additions to trust assets. A trustee may receive additions...

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

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

Section 55-1A-9 - Investment of trust assets. - 55-1A-9. Investment of trust assets. A trustee may invest and...

Section 55-1A-9.1 - Affiliated investments. - 55-1A-9.1. Affiliated investments. (a) As used in this section: (1)"Investment"...

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

Section 55-1A-11 - Disposal of trust assets. - 55-1A-11. Disposal of trust assets. A trustee may acquire, sell,...

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

Section 55-1A-13 - Leases by trustees. - 55-1A-13. Leases by trustees. A trustee may enter into a...

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

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

Section 55-1A-16 - Land development or dedication--Valuation adjustments. - 55-1A-16. Land development or dedication--Valuation adjustments. A trustee may subdivide,...

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

Section 55-1A-18 - Insurance. - 55-1A-18. Insurance. A trustee may insure the assets of his...

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

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

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

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

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

Section 55-1A-24 - Contracts binding upon trust. - 55-1A-24. Contracts binding upon trust. A trustee may enter into...

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

Section 55-1A-26 - Release of claim or lien. - 55-1A-26. Release of claim or lien. A trustee may release,...

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

Section 55-1A-28 - Creation of reserves. - 55-1A-28. Creation of reserves. A trustee may create reserves out...

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

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

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

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

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

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

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

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

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

Section 55-1A-37 - Citation of chapter. - 55-1A-37. Citation of chapter. This chapter may be cited or...

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

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

Section 55-1A-40 - Trust name change. - 55-1A-40. Trust name change. A trustee may change the name...

Section 55-1A-41 - Co-trustee appointment--Powers. - 55-1A-41. Co-trustee appointment--Powers. Unless specifically restricted by the governing instrument,...