South Dakota Statutes
§ 55-1A-5 — Retention of trust property by trustee.
South Dakota § 55-1A-5
This text of South Dakota § 55-1A-5 (Retention of trust property by trustee.) 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.
Bluebook
S.D. Codified Laws § 55-1A-5 (2026).
Text
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.
Free access — add to your briefcase to read the full text and ask questions with AI
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
Co-enforcer appointment--Powers.Cite This Page — Counsel Stack
Bluebook (online)
South Dakota § 55-1A-5, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/55-1A-5.