South Dakota Statutes
§ 55-3-12 — Purchase by trustee of claims against trust property.
South Dakota § 55-3-12
JurisdictionSouth Dakota
Title 55FIDUCIARIES AND TRUSTS
Ch. 55-3EXPRESS TRUSTS FOR THIRD-PARTY BENEFICIARIES
This text of South Dakota § 55-3-12 (Purchase by trustee of claims against trust property.) 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 § 55-3-12 (2026).
Text
A trustee cannot enforce any claim against the trust property which he purchases after or in contemplation of his appointment as trustee; but he may be allowed by any competent court to charge to the trust property what he has in good faith paid for the claim, upon discharging the same.
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Legislative History
SDC 1939, § 59.0208.
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 § 55-3-12, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/55-3-12.