South Dakota Statutes
§ 55-6-2 — Bank or trust company investment in funds.
South Dakota § 55-6-2
JurisdictionSouth Dakota
Title 55FIDUCIARIES AND TRUSTS
Ch. 55-6COMMON TRUST FUNDS AND COLLECTIVE INVESTMENT FUNDS
This text of South Dakota § 55-6-2 (Bank or trust company investment in funds.) 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 § 55-6-2 (2026).
Text
Any bank or trust company qualified to act as fiduciary in this state may, as such fiduciary or cofiduciary, invest funds which it lawfully holds for investment in interests in common trust funds or collective investment funds established pursuant to § 55-6-1 , if such investment is not prohibited by the instrument, judgment, decree, or order creating such fiduciary relationship, and if, in the case of cofiduciaries, the bank or trust company procures the consent of its cofiduciary or cofiduciaries to such investment.
Free access — add to your briefcase to read the full text and ask questions with AI
Legislative History
SL 1941, ch 20, § 1; SDC Supp 1960, § 6.0901; SL 2011, ch 212, § 24.
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.Cite This Page — Counsel Stack
Bluebook (online)
South Dakota § 55-6-2, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/55-6-2.