South Dakota § 55-7-2 Definition of terms.

South Dakota Statutes

§ 55-7-2 — Definition of terms.

South Dakota § 55-7-2

Title 55FIDUCIARIES AND TRUSTS

Ch. 55-7THIRD-PARTY RESPONSIBILITY FOR FIDUCIARY ACTS

This text of South Dakota § 55-7-2 (Definition of terms.) 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 § 55-7-2 (2026).

Text

Terms used in §§ to 55-7-15 , inclusive, mean:

(1)"Bank," any person or association of persons, whether incorporated or not, carrying on the business of banking;

(2)"Fiduciary," any trustee under any trust, express, implied, resulting or constructive, personal representative, guardian, conservator, curator, receiver, trustee in bankruptcy, assignee for the benefit of creditors, partner, agent, officer of a corporation, public or private, public officer, or any other person acting in a fiduciary capacity for any person, trust or estate;

(3)"Person," any corporation, limited liability company, partnership, or other association, or two or more persons having a joint or common interest; and (4) "Principal," any person to whom a fiduciary as such owes an obligation.

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Terms used in §§ to 55-7-15 , inclusive, mean: (1) "Bank," any person or association of persons, whether incorporated or not, carrying on the business of banking; (2) "Fiduciary," any trustee under any trust, express, implied, resulting or constructive, personal representative, guardian, conservator, curator, receiver, trustee in bankruptcy, assignee for the benefit of creditors, partner, agent, officer of a corporation, public or private, public officer, or any other person acting in a fiduciary capacity for any person, trust or estate; (3) "Person," any corporation, limited liability company, partnership, or other association, or two or more persons having a joint or common interest; and (4) "Principal," any person to whom a fiduciary as such owes an obligation.