South Dakota Statutes
§ 55-4-13 — Trustee not to buy from or sell to self--Exception.
South Dakota § 55-4-13
This text of South Dakota § 55-4-13 (Trustee not to buy from or sell to self--Exception.) 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 § 55-4-13 (2026).
Text
No trustee, unless expressly authorized by the trust instrument, shall directly or indirectly lease, buy or sell any property for the trust from or to itself or an affiliate; or from or to a director, officer, or employee of such trustee or of an affiliate; or from or to a relative, employer, partner, or other business associate. Notwithstanding this provision or any statute to the contrary, a trustee may lease, purchase or sell property from or to the trust he represents as trustee if specifically authorized to do so in a decedent's will or the instrument creating the trustee relationship, including the establishment of a trust service office as provided by chapter 51A-5 .
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Related
In Re the Estate of Stevenson
2000 SD 24 (South Dakota Supreme Court, 2000)
Hein v. Zoss
2016 SD 73 (South Dakota Supreme Court, 2016)
In Re the Trust Fund Created Under the Terms of the Last Will & Testament of Baumgart
2015 SD 65 (South Dakota Supreme Court, 2015)
Legislative History
SL 1943, ch 308, § 5; SDC Supp 1960, § 59.0505; SL 1980, ch 343; SL 1981, ch 354, § 2; SL 1984, ch 314, § 7.
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 § 55-4-13, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/55-4-13.