{"data":{"id":"us-sd/sdcl-47-14a-26","jurisdiction":"us-sd","citation":"SDCL § 47-14A-26","heading":"Trustee acting in reliance on governing instrument not liable to trust or beneficial owner--Duties determined by governing instrument.","body":"To the extent that, at law or in equity, a trustee has duties (including fiduciary duties) and liabilities relating thereto to a business trust or to a beneficial owner:\n(1) Any such trustee acting under a governing instrument is not liable to the business trust or to any such beneficial owner for the trustee's good faith reliance on the provisions of such governing instrument; and\n(2) The trustee's duties and liabilities may be expanded or restricted by provisions in a governing instrument.","path":["TITLE 47. CORPORATIONS","CHAPTER 47-14A. SOUTH DAKOTA BUSINESS TRUST ACT"],"source_url":"https://sdlegislature.gov/Statutes/47-14A-26","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:57Z","sha256":"ddf0d0a7c99cf4745a59d19c3f470103307b23d7c1d73055e5f1ee296e2513ed","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-47-14a-25","next":"us-sd/sdcl-47-14a-27"},"notice":"GroundRules: Original legal text. Not legal advice."}