GroundRules
SDCL § 55-3-11: Investment of money by trustee--Interest, simple or compound, on omission to invest trust moneys.
Where this section sits in the code
- TITLE 55. FIDUCIARIES AND TRUSTS
- CHAPTER 55-3. EXPRESS TRUSTS FOR THIRD-PARTY BENEFICIARIES
A trustee must invest money received by him under the trust, as fast as he collects a sufficient amount, in such manner as to afford reasonable security and interest for the same.
If he fails so to do, he must pay simple interest thereon if such omission is merely negligent, and compound interest thereon if it is willful.
Collected 2026-09-03T15:18:57Z. Source file · JSON