State Codes and Statutes

Statutes > South-dakota > Title-51a > Chapter-05 > Statute-51a-5-13

51A-5-13. Segregation of assets held by bank as fiduciary. A bank holding any asset as fiduciary, shall:
(1) Segregate all such assets from any other assets of the bank and from the assets of other trusts, except as may be expressly provided otherwise by law or by the writing creating the trust.
(2) Record such assets in a separate set of books maintained for fiduciary activities.

Source: SL 1969, ch 11, § 5.6; SL 1975, ch 292, §§ 1, 2; SDCL, § 51-19-7.

State Codes and Statutes

Statutes > South-dakota > Title-51a > Chapter-05 > Statute-51a-5-13

51A-5-13. Segregation of assets held by bank as fiduciary. A bank holding any asset as fiduciary, shall:
(1) Segregate all such assets from any other assets of the bank and from the assets of other trusts, except as may be expressly provided otherwise by law or by the writing creating the trust.
(2) Record such assets in a separate set of books maintained for fiduciary activities.

Source: SL 1969, ch 11, § 5.6; SL 1975, ch 292, §§ 1, 2; SDCL, § 51-19-7.