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

South Dakota Statutes

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

South Dakota § 55-3-17

Title 55FIDUCIARIES AND TRUSTS

Ch. 55-3EXPRESS TRUSTS FOR THIRD-PARTY BENEFICIARIES

This text of South Dakota § 55-3-17 (Discharge of trustee--Grounds.) 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 § 55-3-17 (2026).

Text

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.