South Dakota § 55-4-53 Limitation of liability for acting in reliance on certificate of trust.

South Dakota Statutes

§ 55-4-53 — Limitation of liability for acting in reliance on certificate of trust.

South Dakota·Title 55 FIDUCIARIES AND TRUSTS·Ch. 55-4 UNIFORM TRUSTS ACT

Any person who acts in reliance on a certificate of trust without knowledge that the representations contained in the certification are incorrect is not liable to any person for so acting and may assume without inquiry the existence of the facts contained in the certification. Knowledge of the terms of the trust may not be inferred solely from the fact that a copy of all or part of the trust instrument is held by the person relying on the certification.

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Any person who acts in reliance on a certificate of trust without knowledge that the representations contained in the certification are incorrect is not liable to any person for so acting and may assume without inquiry the existence of the facts contained in the certification. Knowledge of the terms of the trust may not be inferred solely from the fact that a copy of all or part of the trust instrument is held by the person relying on the certification.

South Dakota § 55-4-53 (Limitation of liability for acting in reliance on certificate of trust.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.