South Dakota Statutes
§ 55-1-5 — Express trust created as to trustee--Words and acts of trustee.
An express trust is created as to the trustee by any words or acts of his, indicating with reasonable certainty:
(1)His acceptance of the trust or his acknowledgment, made upon sufficient consideration, of its existence; and (2) The subject, purpose, and beneficiary thereof.
Free access — add to your briefcase to read the full text and ask questions with AI
South Dakota § 55-1-5 (Express trust created as to trustee--Words and acts of trustee.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Related
In Re Tri-County Water Ass'n, Inc.
91 B.R. 547 (D. South Dakota, 1988)
Bollinger v. Eldredge
524 N.W.2d 118 (South Dakota Supreme Court, 1994)
Jahnel v. First Northwestern Trust Co. of South Dakota
428 N.W.2d 528 (South Dakota Supreme Court, 1988)
Legislative History
SDC 1939, § 59.0105.
Nearby Sections
15
§ 55-1-2
Trusts classified.§ 55-1-20
Trusts for noncharitable purposes.§ 55-1-21.1
Termination of trust for care of animal.§ 55-1-21.11
Co-enforcer appointment--Powers.