South Dakota Statutes
§ 55-4-3 — Number of trustees for exercise of powers.
Unless it is otherwise provided by the trust instrument, or an amendment thereof, or by court order, any power vested in three or more trustees may be exercised by a majority of such trustees and any power vested in two trustees shall be exercised by both of such trustees.
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South Dakota § 55-4-3 (Number of trustees for exercise of powers.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Related
In re Guardianship of the Person & Estate of Estabrook
512 N.W.2d 744 (South Dakota Supreme Court, 1994)
Legislative History
SL 1943, ch 308, § 11; SDC Supp 1960, § 59.0511 (1); SL 2011, ch 212, § 14.
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.