South Dakota § 55-3-17 Discharge of trustee--Grounds.

South Dakota Statutes

§ 55-3-17 — Discharge of trustee--Grounds.

South Dakota·Title 55 FIDUCIARIES AND TRUSTS·Ch. 55-3 EXPRESS TRUSTS FOR THIRD-PARTY BENEFICIARIES

A trustee can be discharged from his trust only as follows:

(1)By the extinction of the trust;

(2)By the completion of his duties under the trust;

(3)By such means as may be prescribed by the declaration of trust;

(4)By the consent of the beneficiary, if he has capacity to contract;

(5)By the judgment of a competent tribunal in a direct proceeding for that purpose that he is of unsound mind; or (6) By the circuit court.

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A trustee can be discharged from his trust only as follows: (1) By the extinction of the trust; (2) By the completion of his duties under the trust; (3) By such means as may be prescribed by the declaration of trust; (4) By the consent of the beneficiary, if he has capacity to contract; (5) By the judgment of a competent tribunal in a direct proceeding for that purpose that he is of unsound mind; or (6) By the circuit court.

South Dakota § 55-3-17 (Discharge of trustee--Grounds.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.