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

State Codes and Statutes

Statutes > South-dakota > Title-55 > Chapter-01b > Statute-55-1b-7

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, § 7.

State Codes and Statutes

Statutes > South-dakota > Title-55 > Chapter-01b > Statute-55-1b-7

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, § 7.

State Codes and Statutes

Back To Homepage

State Codes and Statutes

Statutes > South-dakota > Title-55 > Chapter-01b > Statute-55-1b-7

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, § 7.