South Dakota Statutes
§ 55-6-1 — Establishment and maintenance of common trust funds and collective investment funds--Purpose.
South Dakota § 55-6-1
JurisdictionSouth Dakota
Title 55FIDUCIARIES AND TRUSTS
Ch. 55-6COMMON TRUST FUNDS AND COLLECTIVE INVESTMENT FUNDS
This text of South Dakota § 55-6-1 (Establishment and maintenance of common trust funds and collective investment funds--Purpose.) 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 § 55-6-1 (2026).
Text
Any bank or trust company qualified to act as fiduciary in this state may establish common trust funds or collective investment funds for the purpose of furnishing investments to itself as fiduciary, or to itself and others, as cofiduciaries. Any common trust fund or collective investment fund authorized by this chapter shall be established and maintained in accordance with 12 C.F.R. 9.18 as of January 1, 2011.
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Related
Pina v. Flaglore
443 N.W.2d 627 (South Dakota Supreme Court, 1989)
Legislative History
SL 1941, ch 20, § 1; SDC Supp 1960, § 6.0901; SL 2011, ch 212, § 23.
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 § 55-6-1, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/55-6-1.