South Dakota § 55-2-16 Action that may not be taken by restricted trustee may be taken by another unrestricted trustee.

South Dakota Statutes

§ 55-2-16 — Action that may not be taken by restricted trustee may be taken by another unrestricted trustee.

South Dakota § 55-2-16

Title 55FIDUCIARIES AND TRUSTS

Ch. 55-2DUTIES AND LIABILITIES OF TRUSTEES

This text of South Dakota § 55-2-16 (Action that may not be taken by restricted trustee may be taken by another unrestricted 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 § 55-2-16 (2026).

Text

Any action that may not be taken by a trustee of the first trust by reason of the restrictions in subdivision 55-2-15(2) may instead be taken by any other trustee of the first trust who is not so restricted, or, if none, by the next available party who can be a successor trustee and who is not so restricted. The second trust may be a trust created or administered under the laws of any jurisdiction, within or without the United States.

Free access — add to your briefcase to read the full text and ask questions with AI

Any action that may not be taken by a trustee of the first trust by reason of the restrictions in subdivision 55-2-15(2) may instead be taken by any other trustee of the first trust who is not so restricted, or, if none, by the next available party who can be a successor trustee and who is not so restricted. The second trust may be a trust created or administered under the laws of any jurisdiction, within or without the United States.