South Dakota Statutes
§ 55-1A-5 — Retention of trust property by trustee.
A trustee may collect, hold, and retain trust assets until, in his judgment, disposition of the assets should be made, without regard to any effect the retention may have upon the diversification of the trust estate. Trust property may be retained even though it includes an asset in which its trustee is personally interested.
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South Dakota § 55-1A-5 (Retention of trust property by trustee.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Related
In Re the Estate of Moncur
2012 S.D. 17 (South Dakota Supreme Court, 2012)
Endres v. Endres
984 N.W.2d 139 (South Dakota Supreme Court, 2022)
Legislative History
SL 1979, ch 336, § 5.
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
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