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South Dakota · Through 2026-08-31

SDCL § 55-2-22: Fiduciary duty to determine that substituted property is of equivalent value.

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Where this section sits in the code
  1. TITLE 55. FIDUCIARIES AND TRUSTS
  2. CHAPTER 55-2. DUTIES AND LIABILITIES OF TRUSTEES

Notwithstanding the terms of a trust instrument, if a settlor has a power to substitute property of equivalent value, a trustee has a fiduciary duty to determine that the substituted property is of equivalent value, prior to allowing the substitution.

Collected 2026-09-03T15:18:57Z. Source file · JSON

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