South Dakota Statutes
§ 55-3-11 — Investment of money by trustee--Interest, simple or compound, on omission to invest trust moneys.
South Dakota § 55-3-11
JurisdictionSouth Dakota
Title 55FIDUCIARIES AND TRUSTS
Ch. 55-3EXPRESS TRUSTS FOR THIRD-PARTY BENEFICIARIES
This text of South Dakota § 55-3-11 (Investment of money by trustee--Interest, simple or compound, on omission to invest trust moneys.) 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 § 55-3-11 (2026).
Text
A trustee must invest money received by him under the trust, as fast as he collects a sufficient amount, in such manner as to afford reasonable security and interest for the same. If he fails so to do, he must pay simple interest thereon if such omission is merely negligent, and compound interest thereon if it is willful.
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Legislative History
SDC 1939, § 59.0207.
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 § 55-3-11, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/55-3-11.