South Dakota Statutes
§ 55-4-4 — Liability of trustee not joining in exercise of power.
South Dakota § 55-4-4
This text of South Dakota § 55-4-4 (Liability of trustee not joining in exercise of power.) 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 § 55-4-4 (2026).
Text
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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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
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Bluebook (online)
South Dakota § 55-4-4, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/55-4-4.