S.D. Codified Laws § 55-3-17
This is the official text of S.D. Codified Laws § 55-3-17, 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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Discharge of trustee--Grounds
Official statutory text
A trustee can be discharged from his trust only as follows:
(1) By the extinction of the trust;
(2) By the completion of his duties under the trust;
(3) By such means as may be prescribed by the declaration of trust;
(4) By the consent of the beneficiary, if he has capacity to contract;
(5) By the judgment of a competent tribunal in a direct proceeding for that purpose that he is of unsound mind; or
(6) By the circuit court.
Source: SDC 1939, § 59.0218.
(1) By the extinction of the trust;
(2) By the completion of his duties under the trust;
(3) By such means as may be prescribed by the declaration of trust;
(4) By the consent of the beneficiary, if he has capacity to contract;
(5) By the judgment of a competent tribunal in a direct proceeding for that purpose that he is of unsound mind; or
(6) By the circuit court.
Source: SDC 1939, § 59.0218.
Status: in_force · Read it on the official government site
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