§ 55-1A-32.1 — Trustee immunity from liability for failure to prosecute, defend, or continue to defend.
This text of South Dakota § 55-1A-32.1 (Trustee immunity from liability for failure to prosecute, defend, or continue to defend.) is published on Counsel Stack Legal Research, covering South Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
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If the trustee fails to prosecute, defend, or continue to defend the trust or its assets because the conditions set forth in subdivision 55-1A-32(1) or (2) have not been fulfilled, the trustee is not liable for any such failure even if the failure, including without limitation a withdrawal from a proceeding, may result in the granting or awarding of relief against the trustee or the trust, including without limitation a distribution of trust assets in satisfaction of a claim. For purposes of chapter 55-1A , the term, prosecute, or, defend or continue to defend, means:
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South Dakota § 55-1A-32.1, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/55-1A-32.1.