South Dakota Statutes
§ 55-2-10 — Measure of liability for unauthorized use or disposal of trust property--Intent to serve interest of beneficiary.
South Dakota § 55-2-10
This text of South Dakota § 55-2-10 (Measure of liability for unauthorized use or disposal of trust property--Intent to serve interest of beneficiary.) 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 § 55-2-10 (2026).
Text
A trustee who uses or disposes of the trust property in any manner not authorized by the trust but in good faith and with intent to serve the interest of the beneficiary is liable only to make good whatever is lost to the beneficiary by his error.
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Legislative History
SDC 1939, § 59.0115.
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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Bluebook (online)
South Dakota § 55-2-10, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/55-2-10.