S.D. Codified Laws § 55-1A-9
This is the official text of S.D. Codified Laws § 55-1A-9, part of South Dakota’s Codified Laws — part of the compiled statutory law of South Dakota, published by the state as "Codified Laws." Browse the sections below, each linked to its official government source.
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Investment of trust assets
Official statutory text
A trustee may invest and reinvest trust assets in any property or in an undivided interest in any property, wherever located, including bonds, debentures, secured or unsecured notes, preferred or common stock of corporations, real estate or improvements thereon or any interest therein, oil and mineral leases or royalty or similar interests, and interests in trusts including investment trusts and common trust funds maintained by a corporate trustee and any affiliated investments as defined in § 55-1A-9.1 . Any such investments may be made, regardless of any lack of diversification.
Source: SL 1979, ch 336, § 9; SL 1993, ch 354; SL 2007, ch 247, § 6.
Source: SL 1979, ch 336, § 9; SL 1993, ch 354; SL 2007, ch 247, § 6.
Status: in_force · Read it on the official government site
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