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South Dakota · Through 2026-08-31 · Newer source version available

SDCL § 55-3-17: Discharge of trustee--Grounds.

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Where this section sits in the code
  1. TITLE 55. FIDUCIARIES AND TRUSTS
  2. CHAPTER 55-3. EXPRESS TRUSTS FOR THIRD-PARTY BENEFICIARIES

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.

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

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