South Dakota Statutes
§ 55-4-4 — Liability of trustee not joining in exercise of power.
No trustee who has not joined in exercising a power shall be liable to the beneficiaries or to others for the consequences of such exercise, nor shall a dissenting trustee be liable for the consequences of an act in which he joins at the direction of the majority trustees, if he expressed his dissent in writing to any of his cotrustees at or before the time of such joinder.
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South Dakota § 55-4-4 (Liability of trustee not joining in exercise of power.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Related
Matter of Hadleigh D. Hyde Trust
458 N.W.2d 802 (South Dakota Supreme Court, 1990)
O'Brien v. Gridley
458 N.W.2d 802 (South Dakota Supreme Court, 1990)
Legislative History
SL 1943, ch 308, § 11; SDC Supp 1960, § 59.0511 (1).
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.