State Codes and Statutes

Statutes > South-dakota > Title-55 > Chapter-02 > Statute-55-2-6

55-2-6. Adverse interest of trustee--Information to beneficiary--Removal of trustee. If a trustee acquires any interest or becomes charged with any duty adverse to the interest of his beneficiary in the subject of the trust, he must immediately inform the latter thereof and may be at once removed.

Source: SDC 1939, § 59.0111.

State Codes and Statutes

Statutes > South-dakota > Title-55 > Chapter-02 > Statute-55-2-6

55-2-6. Adverse interest of trustee--Information to beneficiary--Removal of trustee. If a trustee acquires any interest or becomes charged with any duty adverse to the interest of his beneficiary in the subject of the trust, he must immediately inform the latter thereof and may be at once removed.

Source: SDC 1939, § 59.0111.