South Dakota Statutes
§ 55-6-2.1 — Powers of bank or trust company qualified to act as fiduciary.
South Dakota § 55-6-2.1
JurisdictionSouth Dakota
Title 55FIDUCIARIES AND TRUSTS
Ch. 55-6COMMON TRUST FUNDS AND COLLECTIVE INVESTMENT FUNDS
This text of South Dakota § 55-6-2.1 (Powers of bank or trust company qualified to act as fiduciary.) 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 § 55-6-2.1 (2026).
Text
A bank or trust company qualified to act as a fiduciary in this state may:
(1)Establish and maintain common trust funds or collective investment funds for the collective investment of funds held in any fiduciary capacity by it or by another bank or trust company which is owned or controlled by a corporation which owns or controls such bank or trust company;
(2)Invest funds which it holds in common trust funds or collective investment funds established and maintained pursuant to subdivision (1). The provisions of §§ 55-6-1 to 55-6-7 , inclusive, relating to common trust funds or collective investment funds shall apply to the establishment and maintenance of common trust funds or collective investment funds under this section. This section shall apply to all fiduciary relationships.
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Legislative History
SL 1978, ch 356, §§ 1 to 3; SL 2011, ch 212, § 25.
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 § 55-6-2.1, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/55-6-2.1.