SDCL § 55-2-22: Fiduciary duty to determine that substituted property is of equivalent value.
Where this section sits in the code
- TITLE 55. FIDUCIARIES AND TRUSTS
- 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