GroundRules
SDCL § 55-3-12: Purchase by trustee of claims against trust property.
Where this section sits in the code
- TITLE 55. FIDUCIARIES AND TRUSTS
- CHAPTER 55-3. EXPRESS TRUSTS FOR THIRD-PARTY BENEFICIARIES
A trustee cannot enforce any claim against the trust property which he purchases after or in contemplation of his appointment as trustee; but he may be allowed by any competent court to charge to the trust property what he has in good faith paid for the claim, upon discharging the same.
Collected 2026-09-03T15:18:57Z. Source file · JSON