South Dakota Statutes
§ 55-4-14 — Permitted sales between trusts held by same corporate trustee.
A corporate trustee may sell stocks, bonds and other securities listed on all exchange supervised by the securities and exchange commission as well as obligations of the U.S. treasury and obligations of U.S. government agencies held by it in one account to itself as trustee of another account if the transaction is fair to both accounts and if such transaction is not prohibited by the instruments creating the trustee relationships.
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South Dakota § 55-4-14 (Permitted sales between trusts held by same corporate trustee.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
SL 1943, ch 308, § 6; SDC Supp 1960, § 59.0506; SL 1979, ch 337.
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
Co-enforcer appointment--Powers.