Home/South Dakota/Statutes/Title 55: FIDUCIARIES AND TRUSTS/Ch. 55-1: CLASSIFICATION AND CREATION OF TRUSTS/§ 55-1-29
South Dakota Statutes

§ 55-1-29 — Trust property not subject to personal obligations of trustee.

South Dakota·Title 55 FIDUCIARIES AND TRUSTS·Ch. 55-1 CLASSIFICATION AND CREATION OF TRUSTS
Trust property is not subject to the personal obligations of the trustee, even if the trustee becomes insolvent or bankrupt.

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South Dakota § 55-1-29 (Trust property not subject to personal obligations of trustee.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Related

DFA Dairy Financing Services, L.P. v. Lawson Special Trust
2010 SD 34 (South Dakota Supreme Court, 2010)
14 case citations

Legislative History

SL 2007, ch 280, § 6.

Nearby Sections

15
§ 55-1-1
Purposes for which trust may be created.
§ 55-1-10
Transfer of real property to one for money paid by another--Trust presumed.
§ 55-1-11
Implied trust--Declaration by court of equity.
§ 55-1-12
Trustor, trustee, beneficiary, power of appointment, and person defined.
§ 55-1-13
Voluntary trustee--Assumption of relationship.
§ 55-1-14
Interest in existing trust--Transfer by operation of law or written instrument.
§ 55-1-15
Certain trusts not terminated upon trustor's death.
§ 55-1-2
Trusts classified.
§ 55-1-20
Trusts for noncharitable purposes.
§ 55-1-21
Trust for care of animal, care of other property, or other lawful noncharitable purpose.
§ 55-1-21.1
Termination of trust for care of animal.
§ 55-1-21.10
Trustee may not use principal and income other than for trust's purposes.
§ 55-1-21.11
Co-enforcer appointment--Powers.
§ 55-1-21.2
Judicial reduction of property transferred to trustee if trust corpus exceeds amount required for intended purposes.
§ 55-1-21.3
Court order where fulfillment of purposes are impossible, inexpedient, or unlawful.
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